A scathing MPs report into the collapse of Carillion has revealed the stricken construction giant paid almost £4 million to an array of City firms in the days before it was declared insolvent.
According to todays report, on 12 January, three days before the company went under and one day before chairman Philip Green wrote to the government pleading for taxpayer funding to keep going, £3.9m was paid out to law and accountancy firms.
Slaughter and May was paid £1.19m while magic circle counterparts Clifford Chance and Freshfields Bruckhaus Deringer were paid £149,104 and £91,165 respectively. EY one of the big four accountancy firms was paid £2.5 million.
The advisers were accused by MPs of squeezing fee income out of what remained of…
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