Both the Work and Pensions Committee and Business, Energy and Industrial Strategy Committee have written to the Federation of Small Businesses, Santander, HMRC and major shareholders in Carillion to try to get a better idea of operations at the construction outsourcing company.
The committees have put together a series of questions to major shareholders BlackRock, UBS, Standard Life, Letko Brosseau & Associates, Kiltearn Partners, Deutsche Bank and Brewin Dolphin.
A letter dated January 26 states that, as part of their inquiry into the compulsory liquidation of Carillion, the committees are seeking to examine the performance of the board, “the effectiveness of the board’s stakeholder engagement and whether its major institutional investors complied with the Stewardship Code”.
They have also written to the FSB, asking it to provide an overview of Carillion’s supplier payment, and how many of those businesses have been affected so far by the company’s collapse.
HMRC has been asked about Carillion’s performance in paying tax and total outstanding tax liability.
The committees have also written to Santander, after the bank revealed it had stopped payments to some Carillion suppliers without notice in December.
