South East Water Shareholders Receive High Interest Payments
Shareholders of South East Water, including Australian and Canadian trusts, are receiving interest payments of approximately £3,000 per hour. These payments occur while the company raised consumer water bills by 7% in April. The broadcaster described the situation as ludicrous.
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Sources · 7 independent
LBC London
“These are shareholders, Australian and Canadian trusts of funds who have loaned money to themselves in effect because of the shareholders of the company and take interest payments of about £3,000 per hour from this company.”
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