The board of Carillion, the government contractor that collapsed in January of this year, rejected a proposal that could have contributed £218m ($300m) to the company’s pension scheme, believing the firm would recover, just one month before it failed. The existence of the scheme, drawn up by accountancy firm EY and presented to Carillion’s board in August 2017, emerged during an inquiry by MPs into the company’s failure. Separately, former Carillion chair Philip Green has stepped down from his role as chair of Sentebale, Prince Harry’s charity dedicated to supporting children in southern Africa affected by HIV. In its report, published on Tuesday, Deloitte said there was “significant doubt” about whether the scheme had been properly set up.
The board of Carillion, the government contractor that collapsed in January of this year, rejected a proposal that could have contributed £218m ($300m) to the company’s pension scheme, believing the firm would recover, just one month before it failed. The existence of the scheme, drawn up by accountancy firm EY and presented to Carillion’s board in August 2017, emerged during an inquiry by MPs into the company’s failure. In its report, published on Tuesday, Deloitte said there was “significant doubt” about whether the scheme had been properly set up.