Former Thomas Cook executives are set to be dragged in front of British MPs after a group of influential politicians launched an inquiry into the travel business's collapse.
Chair Rachel Reeves says the committee will focus on bosses' bonuses, accounting practices and the role of auditors, along with the impact of the collapse on small firms and suppliers.
Questions have been raised over the accounting practices at Thomas Cook since its collapse on Monday. Firms are allowed to exclude one-off costs when reporting profits - these are known as underlying profits - but Thomas Cook is accused of placing regular costs in the one-off column.Sources close to Thomas Cook said the directors were looking forward to fronting the committee.
Waist of time the same old story you have been misbehaving and don’t do it again