Go-Ahead joint venture received a £23.5 million penalty for concealing taxpayer funding
Company: Go-Ahead Group Limited
Summary
In May 2022, the UK Department for Transport imposed a £23.5 million penalty on London & South Eastern Railway Limited for serious breaches of its rail-franchise agreements. The Department for Transport found that between October 2014 and March 2020 the operator deliberately concealed more than £25 million of historic taxpayer funding connected with High Speed One that should have been returned to the government. London & South Eastern Railway was jointly owned through arrangements involving Go-Ahead Group and Keolis. This evidence is therefore attributed to Go-Ahead with an explicit joint-venture qualification and does not claim that Go-Ahead was the operator's sole owner. Sources / proof: UK Department for Transport: https://www.gov.uk/government/news/lser-issued-with-235-million-penalty-over-breach-of-contract Final penalty notice: https://www.gov.uk/government/publications/london-south-eastern-railway-limited-final-penalty-notice
Record details
- Category
- Corporate Misconduct
- When it happened
- October 2014–March 2020
- Status
- Resolved (May 9, 2022)
- Severity
- high
- Added to Rotten Company
Source
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