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Article: Mittal company failed to disclose Labour donation
- Article from:
- The Independent (London, England)
- Article date:
- February 23, 2002
- Author:
CopyrightCopyright 2002 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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THE CONTROVERSY surrounding Labour's links to the Indian
billionaire Lakshmi Mittal reignited last night when it was revealed
that his firm broke company law by failing to disclose a donation to
the party.
Ispat International (UK) Ltd admitted to The Independent yesterday
that it had failed to include in its annual accounts an pounds 8,000
donation given to Labour before the 1997 general election. The
failure, which breached the 1985 Companies Act, was described as "an
oversight" by the company and was corrected two days ago.
The exact amount of the donation had been unknown until yesterday,
as it was recorded in Labour's own list of donors simply as "more
than pounds 5,000".
The ...