01-03-2018 08:49 via theguardian.com

Carillion chair planned ‘upbeat’ message before £845m writedown

Select committee says Philip Green had only a ‘tenuous grasp’ of Carillion’s crisisCarillion’s former chairman Philip Green had only a “tenuous grasp” on the crisis in the construction firm’s finances, and was working towards an “upbeat announcement” to the City just five days before unveiling a £845m writedown, board minutes of the collapsed group reveal.The board also rejected advice from its brokers that the company would be unable t
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