News In Brief

Officials accused of failing to spot De Lorean fund abuse

A report released Wednesday by a House of Commons committee accused British officials of failing to check a ''shocking misappropriation'' of funds by American automaker John De Lorean at a government-assisted factory in Belfast.

The report by the Public Accounts Committee alleged that about $10.5 million earmarked for development of Mr. De Lorean's gull-winged sports car was apparently diverted for other purposes.

De Lorean, a former General Motors vice-president, set up the Belfast plant in 1978, aided by $101.64 million of British taxpayers' money allocated over several years by authorities trying to ease strife-torn Northern Ireland's high unemployment.

The plant closed Oct. 19, 1982, the same day De Lorean was arrested in Los Angeles on drug charges.

You've read  of  free articles. Subscribe to continue.
QR Code to News In Brief
Read this article in
https://www.csmonitor.com/1984/0719/071931.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe