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Polly Peck International

Volume 181: debated on Monday 19 November 1990

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To ask the Secretary of State for Trade and Industry whether he has now decided to request a report on the affairs of Polly Peck International; whether he will investigate the role of the Serious Fraud Office in this matter; and if he will make a statement.

[holding answer 12 November 1990]: My right hon. Friend is in touch with the Serious Fraud Office and with the administrators of Polly Peck International plc both of whom are conducting investigations. If matters come to light in the course of those investigations or otherwise which need investigating under the Companies Act rather than by the Serious Fraud Office, he will not hesitate to investigage them.The Serious Fraud Office is accountable through its director to the Attorney-General and to Parliament.