Inquiry sought on student loan company expenses

from The Guardian, 30 May 1994

Opposition MPs are demanding an inquiry into the running of the government’s Student Loans Company after allegations that its senior executives incurred excessive expenses.

Leaked documents show that expenses have been submitted without receipts, petty cash books inadequately completed, and thousands of pounds spent on entertainment. One accounting ledger shows that in the year up to August 1992 over £900 was spent on boardroom whisky and cigars, £470 on a cricket match and over £1000 on meals, concerts, outings and gifts.’