18 February 1998
Liquidator urges probe into ostrich farm closure delay

COOPERS and Lybrand, liquidator for Ostrich Farming Corporation (OFC), claimed a three-month delay by the Department of Trade and Industry (DTI) in closing the operation cost investors nearly £15 million.

It is urging an investigation by the parliamentary ombudsman into the DTIs handling of the case.

OFCs liabilities reached £70m and creditors are unlikely to receive more than 1p in the pound.

  • Financial Times 18/02/98 page 8