Cerberus Capital Management: Purchase of Distressed Assets

Part of the debate – in Westminster Hall at 5:10 pm on 22nd February 2017.

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Photo of Roger Mullin Roger Mullin Shadow SNP Spokesperson (Treasury) 5:10 pm, 22nd February 2017

I agree entirely. Perhaps the Minister will give a more detailed response to that point than I can, because it dumbfounds me that such secrecy has surrounded so much of this.

Yesterday I spoke on the Criminal Finances Bill, so I feel particularly at ease speaking about this matter a day later. As we have heard from a number of Members, much of what has happened has involved what ordinary members of the public would call criminal activity. Indeed, some legal actions are under way; obviously I cannot speak about them in detail, but the fact that they are being pursued speaks for itself. I am not sure what the correct term is, but if there were ever an example of a company that operates to standards that are the very reverse—[Interruption.]