Former bosses 'grilled' about Carillion collapse by UK gov't agency
Investigation came months after one study accused UK giant Carillion's management of "recklessness" and "greed"
The former chairman and chief executive officers of insolvent construction firm Carillion were reportedly “grilled by government investigators” about the UK firm’s collapse, months after its management team was accused of “recklessness, hubris, and greed”.
Sky News reported that former chairman, Philip Green, and former chief executive, Richard Howson, were both “interviewed by the Insolvency Service” in December 2018.
Green’s and Howson’s investigations form part of a “wide-ranging” review that involves “hundreds of witnesses”, according to the report. The Insolvency Service’s probe was described by the report as one of its “most substantial” in many years as it explores “boardroom bans” on Carillion’s former directors.
If any of the defunct contractor’s former executives are found guilty of extreme wrongdoing, then they face up to 15 years of corporate bans.
Sky News, citing a study published in May 2018 by the Commons Work and Pensions Committee, said that Carillion’s former management team was accused of “recklessness, hubris, and greed”.
The Labour MP that chairs the committee said at the time that a case such as Carillion’s could “happen again, and soon”, according to Sky News’s report.