The billionaire Issa brothers have admitted submitting error-strewn evidence to MPs about the complex offshore ownership structure known as ‘Bellis’ that they created for Asda after acquiring the supermarket in 2021.
After facing questions by MPs on the Business and Trade Committee over his management of Asda, Mohsin Issa wrote a letter to the committee, published last week, in which he sought to clarify its corporate structure, setting out a list of 24 companies that were connected to the supermarket.
