MPs grill Asda co-owner during fuel prices investigation: 'I'm not very happy at all'

Asda’s pence per litre fuel margin targets were three times their 2019 level by 2023, and the retailer deliberately passed on reductions to retail prices more slowly in areas where they had no competition, the competition watchdog has told MPs.

Later addressing Asda co-owner Mohsin Issa, committee chairman Darren Jones said: “I don’t know if you heard the testimony from the CMA before but they were essentially not very happy with the way that you and your colleagues engaged with their inquiry into petrol prices and said that if they could have charged you more than £60,000 because of your behaviour they would have done.

“Do you have any reflections on that?”

Mr Issa replied: “That’s unfair, personally, cos we sort of complied with all regulatory sort of requests.”

Mr Jones said: “You have nothing further to add.”

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[Jack_Gibby]

Retail workers are always the first to face the firing squad of greed

[lincslegend]

Looks like he's had a spliff or 2 before being questioned.

[leechi]

I watched the whole interview just to see the whole picture. I've never seen anyone come across as being so dodgy. He would hardly give a direct honest answer. I lost count the amount of times he kept saying 'It's all part of the strategy'. It seems there using the ASDA brand run up huge mountains of debt. Just like the water companies.

[audreymcgready]

Every shark swimming in this country is taking a bite out of us all. I am so sick of the Tories allowing this.

[jeremylawrence]

He is simply unfit to run any business let alone one like Asda!

[Lpickars]

how on earth is this the owner of asda- he doesn't even sound competent enough to work in their customer services team let alone the CEO position? LOL

[randomdaveUK]

What on Earth are they doing at Asda? Looks like chaos at the top, skimming money from the fuel crisis, screwing the consumer.

He said no dividends were taken out, there was certainly a payment. If it was instantly reinvested it still counts.

I've seen far more competent management at every level than this

[JonoPS]

Asda just made a ton of staff redundant in my local area. No sympathy to the rich man.

[mancavemusician]

Jesus H, he's the head of the company???

[aletemaso]

A living example that making yourself look like a fool pays off in the long run

[JameelQ]

Co owner is trying to remember his lines 😂😂

[dutchschaefer]

Owns Euro Garages (EG Group) and part owner of Asda. So has the monopoly of Petrol filling stations. He has the power to control the prices of fuel in the U.K. can basically charge what he likes and we just have to accept it. Then all the rest follow suit out of greed! Absolute joke

[kingozymandias]

Inflation in the UK has been caused by high fuel costs, every haulier passed on the costs to the retailers and the retailers passed the costs on to the customers, oil companies know the end is in sight and want to squeeze as much money out as possible before clean energy becomes main stream !

[PeachesandCream]

So he just gets to lie and lie again and nothing happens! Where are the fines! Surely the Gov can get back 1.8 billion which was paid out to shareholders. Imagine paying taxes just to give that money to shareholders

[Decrepit_biker]

The tone of his voice just screams guilt

[harryphillips]

Have they just pulled this geeza off the street? Wtf am I watching 🤣

[nickylee]

An asda worker told me yesterday all there overtime is stopped, and said asda are buying into subway.

[eamonfire]

He's sort of struggling to answer sort of basic questions. And can't even sort of tell the truth. Kind of.

[phillipmcmahon]

PR nightmare, hopefully. But what, if anything, is the real consequence of this guy totally dodging and avoiding his responsibilities in this committee?

[shamz]

This reminds me of the clip on bbc news when they interviewed the wrong person completely, called Gu Goma who came for a data cleanser job interview.