MPs ask Grayling to explain why EY was advising Carillion and its client at the same time

By Jordan Marshall2018-05-22T08:46:00

Transport secretary admits accountant was simultaneously working for contractor and HS2 which awarded bust firm huge contract last summer

The MPs behind the inquiry into Carillion’s collapse have asked transport secretary Chris Grayling to explain an “apparent conflict of interest” in the process of awarding Carillion a contract for work on HS2 last year.

Business chair Rachel Reeves and her co-chair Frank Field, who leads the work and pensions committee, wrote to Chris Grayling, following correspondence between him and the transport committee last week.

The letter indicates that, following Carillion’s massive July 2017 contract write-down, HS2 hired Big Four firm EY to “carry out due diligence checks” on Carillion’s financial standing ahead of the award of contracts.

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