Water company CEO arrested over alleged £1m bribe

The chairman and chief executive of
Wessex Water, Colin Skellett, has been arrested on suspicion of receiving a
bribe of nearly £1m, BBC News online reports.

City of London Police fraud squad
officers arrested Mr Skellett, 57, on Thursday morning.

Later in the day a second man was
arrested after coming voluntarily to a City of London police station in
connection with Mr Skellett’s arrest.

Mr Skellett is being held at an Avon
and Somerset constabulary police station.

Police are investigating whether Mr
Skellett received payments in connection with the recent take-over of Wessex
Water by Malaysia-based YTL Power.

By Ben Willmott

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