Accountancy

KPMG could face £2bn legal claim over Carillion collapse

The estimates of the potential fallout come as KPMG has been told to appear before a disciplinary tribunal over 'false' information claims

The construction firm Carillion went bust in 2018, despite having received a clean bill of health from its auditor KPMG. It had nearly 7bn in liabilities when it fell into liquidation
The construction firm Carillion went bust in 2018, despite having received a clean bill of health from its auditor KPMG. It had nearly 7bn in liabilities when it fell into liquidation Photo: AFP/Getty Images

KPMG could face a legal claim of up to £2bn from the liquidator of collapsed outsourcer Carillion.

Representatives of the official receiver, part of the Insolvency Service, delivered a letter before action to KPMG in June setting out the potential claim. A response from the Big Four firm is expected this month, according to people familiar with the matter.

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