Feeds

Capita chairman quits over Labour loan row

Reputation of Capita 'questioned'

Choosing a cloud hosting partner with confidence

The Executive Chairman of Capita - the outsourcing giant that runs dozens of Government projects - has quit the firm he founded after it emerged he lent the Labour Party one million quid.

Rod Aldridge denies he did anything wrong and described as "spurious" any suggestion "that this loan has resulted in the Group being awarded government contracts".

His decision to step down comes as the UK Government continues to fight off allegations of sleaze and "cash for honours".

In a statement to the Stock Exchange today Aldridge said that as founder and Chairman of Capita, "I have always seen it as my role to ensure that the Group enjoys the highest possible standing and operates with total integrity".

"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 misconception to continue, as I remain passionate about the Group's well-being," he said. ®

Security for virtualized datacentres

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.