To ask the Secretary of State for Trade and Industry what progress has been made in the investigation into the activities of Peter Dixon and Peter Cameron-Webb at Lloyd's.
The City of London police and the Serious Fraud Office announced in December 1988 that warrants had been issued for Peter Dixon and Peter Cameron-Webb in connection with the Lloyd's PCW investigation. Both were, and are understood to have remained, resident in the United States, but due to certain restrictions could not be extradited.The final report of the Companies Act inspectors who investigated the affairs of Minet Holdings plc and WMD Underwriting Agencies Ltd., which details the activities of Dixon and Cameron-Webb at Lloyd's, was published in August 1990. At that time, the Secretary of State announced his intention to make applications under section 8 of the Company Directors Disqualification Act 1986 in respect of Dixon, Cameron-Webb and John Wallrock. On 31 October 1991, Wallrock was disqualified for five years. The proceedings in respect of Dixon and Cameron-Webb are due to be heard on 6 February.