Thomas Cook Managers Face U.K. Investigation Over Collapse
- Business Secretary Leadsom asks state agency to begin probe
- Anger fueled by continuing flights in Germany, Scandinavia
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The British government has ordered a probe into the role of Thomas Cook Group Plc management in the collapse of the 178-year-old tour operator, which cost thousands of jobs and left people stranded across Europe.
Business Secretary Andrea Leadsom asked the state Insolvency Service to investigate the responsibility of the company’s directors and whether any action they took may have “caused detriment” to lenders or pension schemes. The government also has expressed concerns about bonus payments.