After almost five years, not a single person in Croydon has ever been held responsible for their parts in the council’s financial collapse, the scandal of Brick by Brick or the Fairfield Halls refurbishment fiasco. But in Surrey, two former senior council officials are to face an investigation by the national accountancy watchdog.

Woebegone Woking: the small borough council in Surrey has debts of more than £2bn
Most of Croydon’s “investigations” were kicked into the long grass by the council CEO, Katherine Kerswell, with report recommendations delayed for years and a fraud investigation commissioned from contractors who conducted few interviews with the prime suspects, and who in any case never had the necessary powers to prove fraud.
But in Woking, which racked up more than £2billion in debt through speculative property developments, The Guardian has reported that former chief executive Ray Morgan and ex-finance director Leigh Clarke are both to face probes by the Financial Reporting Council, which oversees the accountancy profession.
The previously Conservative-led council issued its Section 114 notice, effectively declaring itself bankrupt, three years after Croydon, in 2023, after ploughing vast sums of borrowed money into skyscrapers, a luxury hotel and other commercial investments. Continue reading →
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