L

Lord Sikka (Lab)

Speaking in the House of Lords on 20 November 2024

Debate

Water (Special Measures) Bill [HL]

Contribution

Sorry, I did not realise. I was just beginning to enjoy that. Just to finish off—not long to go now—the question is: why should these criminals be allowed to remain in charge? These things are not minor infractions. Last time we debated this, the Minister said that there were “significant consequences for a company’s investors. Investors would not have the confidence to invest money if the special administration regime could be triggered without allowing a company to rectify any performance issues”.—[Official Report, 4/11/24; col. 1373.] That is, again, a very strange argument that we should allow criminals to continue because somehow it might upset the market. On that basis, it would open the doors to criminal activities everywhere—

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