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London police clear YTL subsidiary CEO of corruption ..PX: Skellet: No influence.

Asia Africa Intelligence Wire

| February 06, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From New Straits Times (Malaysia))

KUALA LUMPUR, Wed. - London police have cleared Collin Skellet, the chairman and chief executive of Wessex Water Plc, YTL Corporation's British subsidiary, of suspicion of corruption involving about STG910,000 (RM5.73 million).

They also said that Michael Bushnell, a consultant to the company, had not committed any offence in relation to the case.

The Police Corporate Communication Office, in a Press statement, said both were released from police bail after the fraud squad was satisfied that no criminal offences were committed.

"After discussion with the Crown Prosecution Service, the fraud squad is …

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