Moulton, whose venture capital business Better Capital owned the courier firm, has published a letter he wrote to MPs. In it, he criticises members of the Business, Innovation and Skills Committee over accusations that Better Capital “took a deliberate decision not to inform employees” that City Link was on the verge of bankruptcy “for the financial benefit” of the VC firm.

Moulton said many of the accusations made in the report had never been put to him – and that it was not the role of Better Capital as creditor and shareholder of City Link to make such announcements to staff.

“You accuse Better Capital of ‘deliberate deceit by omission’…this accusation was not put to us and we had no opportunity to respond to this hurtful and unjust labelling,” writes Moulton.

“The ‘benefit’ point was not put to Better Capital and we do not believe you received any evidence to support your statement – indeed we would have argued that its converse is true. We would welcome an opportunity to make our case that these serious assertions are unfounded and unfair.”