The UK taxpayer has been stuck with a bill of at least £148m courtesy of government contractor Carillion after its spectacular collapse in January with debts of £1.5bn, the National Audit Office (NAO) said on Thursday.
Carillion was more focused on protecting directors' bonuses than on saving the collapsing business, MPs have found in an inquiry into the contractor's collapse.
A parliamentary committee has accused PricewaterhouseCoopers for "milking the Carillion cow dry" as the accountancy firm was grilled over the construction company's collapse earlier this year.
Galliford Try has announced it will go cap in hand to investors to cover the impact on the group from the wind-down of Carillion through its joint-venture with the firm and Balfour Beatty on the Aberdeen Western Peripheral Route contract.
More than 100 additional Carillion employees have been made redundant on Thursday, pushing the total figure to 930, according to the Official Receiver.
The former chief executive and chairman of Carillion have apologised to MPs for the construction and support services company's collapse and the effect on workers, pensioners and others.
The official receiver issued an update to the proceeding surrounding collapsed support services group Carillion on Monday, announcing that it while it had managed to save a further 100 jobs linked to public sector contracts, a total of 452 people would be let go across the country.
Almost 380 Carillion workers have lost their jobs this week but more than 900 jobs have been saved, the Official Receiver said after taking control of the collapsed outsourcing group last month.
Transport for London has appointed Cleshar Contract Services to replace Carillion in maintaining London Overground's East London Line.
KPMG's audit of Carillion accounts for the last four years will be investigated by the Financial Reporting Council, it said on Monday, after the collapse of the government contractor sparked concerns.
Senior executives from collapsed government contractor Carillion will be grilled by MPs on February 6 as part of a joint parliamentary inquiry into the firm's demise.
Construction group Carillion will be put into liquidation after crisis talks with the government and creditors collapsed early on Monday.
Carillion's pensions trustees will hold talks with the government and pensions regulators as the construction group battles to avoid breaching its banking terms.
The financial watchdog has launched an investigation into Carillion's stock exchange news announcements in the period leading up to its major profit warning last July.