Capita boss resigns over Labour loan

Thursday, 23, Mar 2006 05:14

The chairman of support services group Capita resigned today, following adverse publicity over his decision to loan money to the Labour party.

Capita chairman Rod Aldridge announced his resignation today, while acknowledging that his personal loan to Labour, possibly worth as much as £1.5 million, had led to public questioning of the group's integrity.

Labour is not compelled to disclose full details of loans, as only donations have to be made public.

Mr Aldridge said: "At present, the group's reputation is being questioned because of my personal decision to lend money to the Labour party.

"There have been suggestions that this loan has resulted in the group being awarded government contracts. This is entirely spurious," he added.

Mr Aldridge said that he could no longer allow the misconception to continue, as a founding member of Capita since 1984.

The chairman relinquished his role as an executive of the firm with immediate effect, but will remain as a non-executive until July's interim results.track


Grand National runners that meet the requirements in 2011

There are going to be forty Grand National Runners this Saturday all lining up at Aintree and picking the Grand National winner is always a difficult thing to do.

Gold Cup 2011 odds point to Imperial Commander as the winner

The latest Gold Cup Odds are not only important because they represent how much you can win on the race.

Cheltenham Gold Cup runners and best bets

Fourteen runners have been declared for the Cheltenham Gold Cup 2011 and the question on many people's lips will be.

Cheltenham Gold Cup 2011 runners and odds

The Cheltenham Gold Cup Runners have now been confirmed. As long as there are no late withdrawals there will be 14 Cheltenham Gold Cup runners.

Cheltenham Festival stats and tips should mean more winnings and winners

The Cheltenham Festival 2011 gets underway next week and one of the most popular methods of picking Cheltenham Festival winners is not only to follow tips, but also to take notice of important Cheltenham Festival Stats.

Cheltenham Races odds and tips suggest proven Cheltenham form is key

At long last The Cheltenham Festival 2011 is here and whether punters are going to the course or watching it on TV, everyone will be looking for winning tips for Cheltenham.

Cheltenham races odds and tips can help you find 50/1 winner at the festival

The Cheltenham Festival 2011 gets underway on Tuesday. The highlight of Cheltenham Races on the opening day will be the Champion Hurdle and three days of brilliant racing will follow Tuesday's action.



We're mobile!

Get news, sport and entertainment on your mobile. Text inthenews to 84010 or go to http://m.inthenews.co.uk. There is no charge for this service but the SMS will be charged at your standard operator rate.