UK - Rod Aldridge, chairman of Capita, has decided to step down over his decision to lend £1m to the Labour party, claiming speculation that it resulted in the group winning government contracts were "spurious". Capita is the parent company of Capita Hartshead, the pension administration company.
Aldrige is reportedly one of 12 donors who lent the party almost £14m before the 2005 general election.
He said: “At present, the group’s reputation is being questioned because of my personal decision to lend money to the Labour Party. As I have made clear, this was entirely my own decision as an individual, made in good faith as a long standing supporter of the party.
“There have been suggestions that this loan has resulted in the group being awarded government contracts. This is entirely spurious. Whilst anyone who is associated with the public procurement process would understand that this view has no credibility, I do not want this to continue, as I remain passionate about the group’s wellbeing.”
Aldridge decided to relinquish his responsibilities as chairman of the group with immediate effect but has agreed with the board to serve as non-executive chairman until the groups interim results are announced in July.
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