Defra officials concerned about ‘conflicted position’ of Sir Adrian Montague over dual role chairing holding company
The chair of Thames Water was suspected by government officials of holding a potentially “conflicted position” when his company made an “unjustified” dividend payment of £37.5m to its shareholders.
The water provider, on the brink of bankruptcy, was in the high court last week seeking an emergency £3bn loan as it struggles to stay afloat under massive debts. It is under fresh scrutiny over its dividend payments.
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