Severn Chiefs: No Sfo Action ; Utilities

Summary


THE directors at the centre of the Severn Trent leakage lying scandal are to avoid prosecution, the Serious Fraud Office has decided.

Severn Trent is facing fines running into tens of millions of pounds after pleading guilty to charges that it hid a huge leakage problem in a bid to avoid running up increased costs, falling profits and a hit on its share price.

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Extract


Severn Chiefs: No Sfo Action ; Utilities

At an Old Bailey hearing adjourned for se...

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