Asda co-owners face MP grilling on fuel prices and company structure

The co-owners of supermarket chain Asda have defended itself over a range of attacks from MPs on the way the business is run.
TDR Capital, the private equity group which co-owns Asda with billionaire brothers Mohsin and Zuber Issa, was probed by MPs during a Business and Trade Committee session in Parliament. It insisted the grocery chain did not intend to make a bigger profit on fuel prices, after an investigation last year found it had bumped up fuel margins during the cost-of-living crisis, and also rejected criticism that there are gaps in the company’s finances.
In the committee meeting, Conservative MP Jonathan Gullis s …