Investigation looms over Revenue property deal
The National Audit Office, the government spending watchdog, has yet to decide if it will push ahead with an investigation of a multi-million pound property management deal struck by the Inland Revenue.
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A spokesman for the NAO said today that the deal, signed with Mapeley Steps, a company backed by tycoon George Soros and registered in Bermuda, is being monitored but no official investigation was under way.
‘We are keeping a watching brief on the deal. We are, and have been, planning a study. But the decision to go ahead with the study has not been taken yet though.’
Any investigation by the NAO would be aimed primarily at deciding whether the deal is value for money. It might also comment on whether it was appropriate.