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Business

Published on July 25th, 2014 | by The GC Team

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Cable to launch probe into Comet liquidators

According to Sky News, Business Secretary Vince Cable is to announce today that the liquidators who oversaw the closure of Comet are to be referred to the accounting watchdog more than 18 months after the electrical goods retailer collapsed with the loss of over 6,000 jobs.

Sky News has learnt that the Business Secretary will say that the Insolvency Service, a Government agency, is referring three partners of Deloitte – Nick Edwards, Christopher Farrington and Neville Kahn – to ICAEW, which has the power to impose substantial fines or strip accountants of their licence to operate.

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