WAQ78287 (e) Tabled on 20/05/2019

Will the Minister outline the terms of reference used in the Welsh Government’s investigation into Kukd.com?

Answered by Minister for Economy and Transport | Answered on 28/05/2019

I intend to publish the outcome of the investigation into Kukd.com once the appropriate clearances have been given.

All offers of financial support to businesses are subject to a due diligence process. In the case of Kukd.com this included additional scrutiny from the Welsh Industrial Development Advisory Board before being passed to Welsh Ministers for approval.

In May 2015 the Welsh Government received a formal complaint concerning accusations relating to the financial support provided. An investigation was launched by the Welsh Government’s Head of Counter-Fraud. No Terms of Reference are drawn up in such cases.