Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 8
8
Paragraph: 55
Avro Energy improperly used customers’ money, including siphoning off customers’ cash to different businesses in...
Conclusion
Avro Energy improperly used customers’ money, including siphoning off customers’ cash to different businesses in the directors’ names, issuing loans to the directors, and paying poorly performing executives an unreasonably high salary. We were disappointed by the admission from Ofgem’s former CEO, Dermot Nolan, that the regulator was oblivious to this activity while it was going on.
Paragraph Reference:
55
Government Response
A response document is linked to this report, dated 13 October 2022. Response attribution to this conclusion has not been verified. Read the response document ↗