Connect with us

Hi, what are you looking for?

United Kingdom

Government takes over Southeastern rail network after £25 million “goes missing”

One of Britain’s busiest rail networks has been taken over by the Government after in investigation into “missing money”.

Southeastern Railway runs the key commuter link into London.

It appears the network has failed to declare millions of pounds of funding that should have been returned to Treasury coffers.

Advertisement

It’s thought as much £25 million has not been declared.

Transport Secretary Grant Shapps said:

“There is clear, compelling, and serious evidence that LSER has breached the trust that is absolutely fundamental to the success of our railways.

“When trust is broken, we will act decisively.”

The Serious Fraud office has been asked to investigate the missing millions.

The companies that run Southeastern – Go-Ahead and Keolis – claim the money has been returned after an independent review.

Clare Hollingsworth, Go-Ahead chairman, said:

“We recognise that mistakes have been made and we sincerely apologise to the Department of Transport.”

Services and fare prices will not be affected by the takeover.

 

Comments

Trending

Latest Tweets

Advertisement

You May Also Like

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...

Business

The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

The Tremeloes. Dave Munden centre Dave Munden the Tremeloes drummer – and often lead singer – with the 60s chart toppers has died. He...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...