| Investigations at Insolvency Service fall by 40% |
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The number of investigations launched by the Insolvency Service has fallen by nearly 40% - a drop that the agency has blamed on budget cuts of 11%. The service’s full-year accounts for the 12 months to April 2011 show its company investigations unit launched 180 cases in this period, a decrease of 39% from the 295 launched in 2009-2010. The concern is that a lack of resources following budget cuts will further reduce the service’s capacity to investigate rogue company directors. |
