The board of Carillion dismissed a proposal that could have poured £218m into the government contractors ailing pension scheme, believing a month before the companys collapse that they could still revive its fortunes.
Details of a plan drawn up by accountancy firm EY, but rejected by directors, emerged as MPs conducting an inquiry into Carillions failure released evidence they said proved pervasive institutional failings at the company.
They published extracts from a presentation made by EY to the board in August 2017 as part of an exercise called Project Ray, which they said cast doubt on directors claims of a sudden descent caused by several external factors.
The presentation highlighted longstanding company-wide failings includin…
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