|
|
|
|
|
|
|
| |  Media centre |
|
|
|
|
|
|
|
|
|
|
|
|
|
PN 20/08 | 1 July 2008 |
Ofwat response to Severn Trent Water sentence |
Commenting on the £2m fine today handed down to Severn Trent Water from the Serious Fraud Office prosecution, Ofwat said:
"We referred Severn Trent Water's deliberate misreporting of leakage data to the Serious Fraud Office (SFO) in 2005, which led to these criminal proceedings. For a water company to be prosecuted like this is unprecedented.
"Severn Trent Water's behaviour in misleading both customers and regulator was unacceptable. Ofwat will protect consumers and companies must comply with their legal obligations or pay the price.
"Following a separate investigation we have also proposed to fine the company £35.8 million in April 2008 for deliberately misreporting customer service data. We will issue our conclusions on this shortly."
Media enquiries to Ofwat Press Office on: 0121 625 1442/1496/1416
|
|
