McGee in £2.4m provision for bid-rigging probe

Specialist engineering and demolition contractor McGee Group has revealed that a £2.4m provision taken in previous accounts should cover the financial cost arising from its involvement in a bid-rigging probe by the cartel-busting watchdog.
In the latest company accounts, McGee said that a £2.4m provision taken in 2020 would cover an expected penalty from the Competition and Markets Authority investigation into cover pricing in the demolition sector.
The CMA announced last week that M