Ex-Carillion Bosses To Face Downsized Ban Suit

By Adele Redmond (June 17, 2022, 6:00 PM BST) -- The U.K. government suffered a potential setback on Friday to its bid to hold former Carillion directors accountable for its failure as it agreed to drop allegations that they could have prevented losses worth more than £1 billion ($1.2 billion).

It will advance claims that a "high level of incompetence" among five of the construction company's bosses is enough to ban them from running companies in the future in an upcoming disqualification trial while shrinking the scope of its case.

Andrew Thompson QC, counsel for Carillion, told the High Court that Business Secretary Kwasi Kwarteng had not explained how further enquiries...

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