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Ministers launch fast-track probe into council which lent £200m to developer
Croydon council’s developer Brick by Brick has hit back after an audit into the council raised serious questions about its management of the firm leading to a government probe.
This week, the government launched a review into the council after the Grant Thornton report, which was published last week, was highly critical of the authority’s management of its development company.
The report found ”the continuing financial business case from the council’s perspective for Brick by Brick should be urgently reviewed before agreeing any further borrowing”.
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