BOSSES at a water firm fined £126million for fixing sewage samples got £3.5million in bonuses during the cover-up.
Shocking standards, including poor maintenance and pollution spills, were found during a two-year probe into Southern Water.
Southern Water were handed a record fine of £126million for hiding their shocking standards of practice[/caption]
Bosses deliberately misreported the utility firm’s performance. Had the failures been revealed at the time they would have faced a string of fines for missing Government targets.
CEO Matthew Wright pocketed £2.6million in bonuses on top of his £2million salary during the 2011-16 sample fixing.
Over the same period chief financial officer Michael Carmody took £900,000 in bonuses on top of his £1.2million salary.
Ofwat chief Rachel Fletcher said: “What we found in this case is shocking. The company was being run with scant regard for its responsibilities to society and the environment.”
The Environment Agency has launched a criminal investigation into Southern Water.
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Watchdog Ofwat said the £126million fine included £91million to reflect “automatic penalties it would have incurred for underperformance under had it reported data correctly in the first place”.
It ordered the privately-owned utility firm to pay a further £32million in reimbursement to its 4.6million customers and a £3million fine.
Southern Water chief executive Ian McAulay said: “We are deeply sorry for what has happened. There are no excuses for the failings.”
Ian McAulay apologised for the firm’s failings between 2010 and 2017[/caption]
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