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Text File  |  1992-09-03  |  538 b   |  14 lines
  1. UK company whose attempted purchase of the US
  2. company Manpower Inc in 1987 prompted an
  3. investigation by the Serious Fraud Squad.
  4. County Nat-West, the investment banking
  5. company of the National Westminster Bank,
  6. failed to disclose that only 38% of a rights
  7. issue (sale of shares) by Blue Arrow,
  8. intended to finance the purchase, had been
  9. taken up, and concealed the ownership of some
  10. of the shares. Two National Westminster
  11. investment bankers, one securities company,
  12. and 11 individuals were charged with fraud
  13. and conspiracy in Nov 1989.
  14.