Peverel is co-operating with the inquiry and has been granted “leniency” from court action as a result. The OFT says Peverel turned itself in in December 2009, although Carlex supporters had alerted several authorities to the scam before this date.
Three Carlex whistleblowers, who co-operated with the OFT and were repeatedly urged to keep the investigation confidential, feel utterly suckered by the OFT leniency deal, which only became public knowledge in July.
Although the OFT claims that Peverel turned itself in in December 2009, the leisurely inquiry only began in April 2011, after Peverel was pitched into administration. The inquiry is confined to the years 2005-2009.
The OFT’s full report is expected in weeks. The issues are covered extensively on this site.
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