Executives who sold combustible insulation for use on
Grenfell Tower perpetrated a “fraud on the market” by rigging a fire test and
making “misleading” claims about it. Celotex, a subsidiary of the French
construction materials company Saint-Gobain, behaved in a “completely
unethical” way, admitted Jonathan Roper, a former assistant product manager. Roper
worked on two fire tests of the foam panels and subsequent sales plans as the
company tried to grab a slice of a £10m-a-year insulation foam market. In the
Grenfell fire on 14 June 2017, the foam, known as RS5000, fuelled the flames
and released toxic gases and smoke. The foam was withdrawn from the market nine
days later. Read more on the Guardian website.
Six suspects arrested in £300m fraud probe at UK social housing fund
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Serious Fraud Office mounts seven raids on sites linked to company that
raised £850m to tackle homelessness
The Serious Fraud Office has arrested six peo...
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