Severn Trent Faces [Pounds]10m-Plus Penalty ; (1) Customers May Get Windfalls After Firm's Conviction for Fraud(2) Severn Trent Payout Fear

Summary

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SEVERN Trent Water, the first utility company in UK history to be convicted of criminal fraud, faces handing over another eight- figure sum to its three million bill-paying customers.

Following a long campaign by Financial Mail and a lengthy Serious Fraud Office investigation, the company was fined [pounds]2 million at the Old Bailey last week.

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Severn Trent Faces [Pounds]10m-Plus Penalty ; (1) Customers May Get Windfalls After Firm's Conviction for Fraud(2) Severn Trent Payout Fear

Severn Trent had already paid out [pounds]42 million in 2006 to recompense customers over a massive fraud first revealed by F...

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