Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Simon Hunt

Asda execs to hand over secret offshore accounts after MPs question 'Phantom' investment firms

Asda execs have committed to sharing secret accounts for the offshore companies that own the supermarket after coming under pressure from MPs.

The firm’s CFO, Michael Gleeson, told Parliament’s Business and Trade Committee he would hand over the accounts for the Jersey-based entities forming the ownership structure known as Bellis, which are not required to publish annual reports under Jersey law.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.