MP Austin Mitchell revived his age-old reputation as the scourge of the accountancy profession by laying into PwC, Lloyds Bank and the ICAEW during a parliamentary debate on the receivership of a company in his constituency.
Mitchell succeeded in calling the debate last week to tell the story of what he called “the theft of a profitable Yorkshire company by the mafia”, according to the Hansard report.
He continued: “I do not mean the criminal mafia that we often speak of, but Britain’s dark-suited mafia, which in this case is represented by Lloyds Bank and PricewaterhouseCoopers, both acting in collusion and neither of them subject to police controls, because both regulate themselves.”
The saga goes back to the 2008 receivership and sale of Premier Motor Auctions...
About John Stokdyk
John Stokdyk is the global editor of AccountingWEB UK and AccountingWEB.com.