Insolvency Service drops UK lawsuit against five former Carillion directors
( October 13, 2023, 17:00 GMT | Official Statement) -- MLex Summary: The UK’s Insolvency Service has said it has dropped legal action against five former non-executive directors of collapsed construction company Carillion, citing lack of public interest in continuing proceedings. Three other senior Carillion personnel have been banned from holding directorship positions in the UK for between eight and 12.5 years. The company went into liquidation in 2018 with 1.3 billion pounds of debt, when it had more than 400 public-sector contracts ongoing.Statement below....
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