Post-political Retirement
Du Cann retired from the House of Commons in 1987, and sold his home Cothay Manor in 1993 and returned to live in London. He was instrumental in creating a scholarship programme for rugby league players at the University of Oxford.
Du Cann succeeded Lord Duncan-Sandys as Chairman of Lonrho, a position from which he was forced to resign due to his role as deputy chairman of Homes Assured, a finance company which crashed. His resignation came two days before the company collapsed, owing £10 million to creditors. He was criticized as "incompetent" by a 1974 Department of Trade and Industry report regarding the bankrupt Keyser Ullman bank, of which he was a director.
Du Cann has been involved in several legal disputes over debts; his Somerset estate was repossessed in 1992, and his London flat was repossessed in 1993. He later had a bankruptcy order served against him.
He is a board member of E-Clear, a British payment processing company, which went into administration in January 2010.
Read more about this topic: Edward Du Cann
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