Powered by

'Out of touch' Carillion chairman planned upbeat statement days before writedown

Mar 01, 2018 - The Daily Telegraph (London)

CARILLION'S former chairman Philip Green has been accused by MPs of showing a "woeful lack of leadership" or having "no grip on reality" as it emerged that he was planning an upbeat financial announcement just five days before the company made £845m of writedowns last July.

Minutes from a Carillion board meeting on July 5 were made public by the joint business and pensions select committee as part of their investigation into Carillion. They showed that Mr Green believed that "work continu...