Cabinet Office didn’t pursue directors to accept proposal that could have cut cost of collapse to taxpayersThe government knew of a method that could have retrieved more than £360m from Carillion,limiting the cost of its collapse to taxpayers and sparing pension scheme members from cuts to their retirement payouts, but did not encourage directors to pursue it.
Multiple sources told the Guardian that the Cabinet Office, or responsible for oversight of government contractors,did not apply any pressure on Carillion’s directors to adopt the proposals, presented by accounting firm EY in mid-December final year.
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Source: guardian.co.uk