Farepak chiefs may face legal probe

Farepak directors could face legal action over the collapse of the Christmas savings club, the Consumer Minister has suggested.

An official investigation into the firm by the Companies Investigations Branch (CIB) of the Department for Business, Enterprise and Regulatory Reform has been completed, Gareth Thomas said.

In a written Ministerial statement, Mr Thomas said the CIB was now taking independent advice on whether the evidence in its report warranted legal action.

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