British engineering company Caparo, founded by Lord Paul of Marylebone, has hit back against “various malicious reports” in national newspapers which called into question its financial health.
The reports, which Caparo says were spearheaded by the Mail on Sunday newspaper, included allegations that the company had broken the terms of its existing loans by borrowing too much and suggested that its future hinged on obtaining new funding from banks. The Daily Mail said Lord Paul had “admitted” the claims were true. The…
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