In light of the recent financial difficulties experienced by the money transfer company, First Solution Money Transfer Ltd., the Companies Investigation Branch of the Insolvency Service, within the Department for Business Enterprise and Regulatory Reform, is carrying out an examination of the facts of the case. Further information is set out in my written ministerial statement, which was issued to the House on 11 July.
The Government welcome the announcement by the Sir William Beveridge Foundation on 16 July that an independent help line and support fund will be set up to provide advice and assistance to members of the Bangladeshi community affected. I will be making a personal donation to the fund, and would encourage others who are able to do so.