FSA accused of Arch Cru 'stitch-up'

The Times reports the firm's parent company, outsourcing giant Capita runs several high profile government contracts including the Criminal Records Bureau and BBC television licensing. The paper said Alun Cairns, the backbench Tory MP who set up an All-Party Parliamentary Group to support investors who lost money, believes the situation was smoothed over to save the government relationship. He added: "The FSA are not prepared to fine CFM for the failures but at the same time they are pursuing independent financial advisers." Foot Anstey partner Alan Hughes, who represents about 400...