The U.K. Parliament has demanded an investigation into Taroni Technologies Ltd., after the U.N. agency said its executives had used undisclosed technology to profit from stock market speculation.
The House of Commons public accounts committee on Thursday sent a letter to the FBI and Justice Department asking the agency to look into the company’s “business practices, and to report to Parliament any information that it may have on the activities of Mr. Tarons staff”.
“We urge you to conduct a full and thorough investigation into the conduct of Mr Taron and his colleagues,” the letter said.
Taroni said it was cooperating with parliamentarians.
“The Government has asked the relevant agencies to conduct an independent investigation into allegations of misconduct in relation to the conduct, promotion and control of Taron,” a spokesman said in a statement.
“We are pleased that we have been afforded the opportunity to share our views with Parliament in accordance with the Parliamentary Privilege.”
While the Government has made it clear that it does not condone or condone the use of any information to gain advantage by others, we take these matters very seriously.
“The U.Q.E.-based firm said in February that it had been in talks with the government to “engage in a constructive dialogue about the company and its business”.”
While we have made significant progress in recent months, we remain concerned that the current legal situation and the lack of transparency surrounding the company may impede our ability to continue our progress,” the company said in its annual report for the year ending March 31.
Troni Technologies, which was founded in 2011, said its chief executive, Thomas Tonsfield, had been sacked from the company after a probe into the use the technology was revealed.
It said Mr Tonsford had been offered a job by the government in a position to “ensure the continued successful operation of TonsTech’s business and to help to support the development of TONSTech’s product portfolio”.”
In light of these developments, the Government is terminating its contract with Tons Tech as part of the process to sever the ties with Mr Tonts,” the statement said.
It was not clear whether the government would offer Mr Tandon a job at the government’s Department of Science and Technology.
Tons Tech has said it is “fully cooperating” with the probe.
It has said Mr Cameron has asked its board to consider the allegations of improper activity by its executives, which are based on documents that were not released by the company.TONS TECH, which is based in Cambridge, U.L.A., was founded by Mr Tarnopolsky, a former chief executive of BAE Systems Ltd.
He has denied allegations of corruption and said he had been the target of an “incomplete, false and misleading investigation”.