David Abell's reputation under attack
Saturday 26 April 1997
But in a letter to shareholders, the company draws attention to the highly critical 1993 Department of Trade and Industry inquiry into some of Mr Abell's previous share buying activities. The inspectors' report exonerated him of any wrongdoing but criticised his "misleading and inconsistent statements and evidence". Jourdan claims: "Mr Abell's past record is controversial and unimpressive. He should not be allowed to take over your company." Mr Abell refused to make any comment on the allegations levelled at him yesterday. He denied any immediate intention to launch a takeover, but implied that he had the financial backing if he wanted to do so.
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