Carillion's last boss explains why he increased firm's writedown to £845m

By Jordan Marshall2018-08-28T06:01:00

Keith Cochrane revised number up by £150m just days before City announcement

Carillion’s last chief executive has told MPs the reason why he decided to increase last July’s writedown by £150m.

Keith Cochrane was in charge of the business when it went bust earlier this year and in one of his first decisions as the incoming interim chief executive decided to up a planned writedown of £695m to £845m just days before it was due to be announced to the Stock Exchange.

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