A finance executive has been named as the whistleblower who revealed the “aggressive” accounting that brought down Carillion.
Board meeting minutes of the construction company reveal that directors were warned of an impending scandal over its books as early as last May.
Carillion collapsed last month with £1bn debts, putting hundreds of public sector contracts at risk. The minutes were obtained by the Commons work and pensions committee.
The Telegraph reports that Emma Mercer was six weeks into her job as finance director of Carillion’s construction services division when she raised concerns about the way the business was accounting for work on a number of major projects in April 2017, according to minutes from board meetings the following month.
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