Page last updated at 15:16 GMT, Tuesday, 22 July 2008 16:16 UK

Former water bosses escape action

Tap
Severn Trent's actions were described as "unacceptable"

Severn Trent Water has announced it will not take action against former management over its 2m fine for giving false information on leakages.

The company also said it would not appeal against the fine, issued in July for offences in 2001 and 2002.

Chairman Sir John Egan said there were "indefensible shortcomings" in Severn Trent's previous leadership.

He said the current management had spent four years putting the firm back on track.

Sir John said: "Having considered very carefully all the options and possible outcomes and having taken legal advice, we have decided not to pursue the former management.

"There would be no guarantee of success or recompense and therefore such action would not be in the best interests of our customers and other stakeholders."

The fine, which was issued at the Central Criminal Court on 1 July, followed a probe by the Serious Fraud Office.

Severn Trent supplies water to much of the Midlands.




SEE ALSO
Further 2m fine for Severn Trent
01 Jul 08 |  Business
Severn Trent faces a 35.8m fine
08 Apr 08 |  Business
Severn Trent sees profits sink
05 Jun 08 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC iD

Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific