The £1.68 Billion Illusion: Unmasking Severn Trent's Accounting Deception

Dive into the murky waters of corporate finance with "Financial Follies" as we unravel the astonishing £1.68 billion accounting trick pulled off by Severn Trent Water. Discover how a shell company, devoid of real value, became a vehicle for inflated balance sheets and dividends. Join us as we explore the ethical implications and the vital role of independent auditors, featuring insights from retired auditor Mitch, who bravely challenged the status quo. This episode reveals the dark side of financial engineering and its impact on both consumers and the environment.