Cerberus Capital Management: Purchase of Distressed Assets

Part of the debate – in Westminster Hall at 5:29 pm on 22nd February 2017.

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Photo of Danny Kinahan Danny Kinahan UUP, South Antrim 5:29 pm, 22nd February 2017

I want to ensure that we are going to put in place or ask for regulations to stop people being able to move from one side of a deal to another. It does happen, and we need transparency and the duty of care. Will the Minister look at the issue? One person moved from being on the board to being on the other side and making money out of the deal. They were then caught taking a bribe in a car. We need a very clear system.