RICH AND COMPANY'S TRADING IN ELECTRICITY

EDM number 1666 in 1992-93, proposed by Michael Clapham on 23/03/1993.

That this House calls on Her Majesty's Government to withdraw the licence to trade in the British electricty market given to the Swiss based firm Rich and Company whose Chairman Marc Rich is wanted in America on 65 counts, including racketeering, fraud and tax evasion; further considers it a scandal that the Office of Electricity Regulation, being fully aware of Rich's background, should grant his company a licence to buy electricity and sell it to industrial users in Britain; and further calls on the President of the Board of Trade to make a statement on the matter.

This motion has been signed by a total of 66 MPs.