The Age
·general
·1 hour ago
Corporate Travel Management overcharges UK government £128 million amid financial restatement
Corporate Travel Management disclosed on April 25, 2026, that it overcharged the UK government £128 million ($240 million), surpassing earlier estimates. Chairman Ewen Crouch revealed the board was aware of issues dating back to 2022, when discrepancies reached £54.6 million ($103 million). The company will restate financial accounts from 2019 onwards as a result.
Summary by Glance · The Age
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