Private Equity

Asda co-owner grilled by MPs: ‘Do you drive a gas-guzzling car? A nice car, a Range Rover?’

MPs also turned to allegations of fire and rehire, when an employer fires an employee and offers them a new contract on new, often less-favourable terms

Asda co-owner Mohsin Issa was asked why the company's ownership structure was based in the low tax haven of Jersey
Asda co-owner Mohsin Issa was asked why the company's ownership structure was based in the low tax haven of Jersey Photo: SOPA Images/LightRocket via Getty Images

Towing a suitcase in hand, the billionaire co-owner of Asda hailed down a black cab and made a speedy exit from Westminster last night.

Mohsin Issa might be in need of a holiday after yesterday’s run-in with MPs on Parliament's business and trade committee.

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