£1 billion "missing" from Carillion Pension fund.

http://www.independent.co.uk/news/business/news/carillion-latest-kpmg-accounts-investigation-financial-reporting-council-construction-government-a8182811.html

An investigation is to be launched into KGMP audits of Carillion.

This is bloody outrageous. A situation where a few benefit while the many are left to bear the consequences of their "missing" pension fund, is unacceptable. For far too long , companies have been using their employees pension funds to shore up their ailing businesses. When the company eventually fails, the employees are penalised while the management walk away unscathed but with their bonuses and severance payments intact. Punitive measures must be introduced to deter the "diversion" of pension funds to the operating accounts of companies who may resort to this questionable accountancy maneuver.

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