HS2 begins audit of firms following revelations about oligarch with stake in tunnelling contractor

By Daniel Gayne2022-03-24T10:28:00

Strabag part-owned by sanctioned industrialist Oleg Deripaska

A full review of major HS2 contracts is being undertaken to ensure sanctioned businesspeople do not profit from the project in the wake of revelations a Russian oligarch owned a substantial stake in a firm carrying out work on the project.

Last week, a company working on the new high speed network suspended dividend payments to a business owned by industrialist Oleg Deripaska who was sanctioned by the UK government earlier this month.

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