Moulton attacks MPs on City Link

first_img Express KCS VETERAN venture capitalist Jon Moulton yesterday hit back at MPs who criticised the collapse of delivery firm City Link as acting “outside the normal rules of natural justice”.Moulton runs Better Capital, the private equity firm that owned City Link, which collapsed last Christmas.In a letter to MPs – sent as parliament was dissolved for the General Election – Better Capital described findings that it deliberately misled workers as hurtful and unjust. It complained it was not allowed to respond to the report by the business committee and the Scottish affairs committee before it was published last week.“We appreciate that you operate outside the judicial frame­work, but are dismayed that you chose to operate outside the normal rules of natural justice,” the firm wrote.The report said City Link took a deliberate decision not to inform employees and contractors as to the true intentions and position of the company and that this was in the financial interest of Better Capital.In the letter, Moulton wrote: “This accusation was not put to us and we had no opportunity to respond to this hurtful and unjust labelling.”Despite parliament now being dissolved, Moulton added that Better Capital would “welcome an opportunity to make our case that these serious assertions as to our behaviour are unfounded and unfair.” Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof whatsapp Share whatsapp Moulton attacks MPs on City Link Monday 30 March 2015 8:50 pm Tags: NULLlast_img read more