OFT Inquiry
In 2005 the school was one of fifty of the country's leading independent schools which were found guilty of running an illegal price-fixing cartel, exposed by The Times newspaper, although the schools made clear that they had not realised that the change to the law (which had happened only a few months earlier) about the sharing of information had subsequently made it an offence. Each school was required to pay a nominal penalty of £10,000 and all agreed to make ex-gratia payments totalling three million pounds into a trust designed to benefit pupils who attended the schools during the period in respect of which fee information was shared.
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Famous quotes containing the words oft and/or inquiry:
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