Another one bites the dust. More news on a two year old company collapse was recently published. Carillion is the name of this company and it was located in the U.K. A combination of design changes, contractor issues and overlooked accounting problems led to the collapse of Carillion. Different company, different continent but similar financial results and company collapse.
Check out this ENR article for more info – https://www.enr.com/articles/48542-uk-auditors-report-carillion-collapse-landed-on-banks-and-insurers
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