Post Office Boss Admits Money From Horizon Victims May Have Gone Into Executive Pay

19th January 2024

The Post Office's chief executive admitted it is a possibility the money taken from branch managers could have been part of "hefty numeration packages for executives", as he appeared before MPs alongside a senior Fujitsu figure.

Money wrongfully taken from victims of the Horizon scandal may have gone into the pay of Post Office executives, MPs have been told.

Nick Read, chief executive of the Post Office, said the company has still "not got to the bottom of" what happened to the cash paid by sub-postmasters and sub-postmistresses in a bid to cover the false financial black holes created by the faulty Horizon software.

He said it has been investigated two or three times by external auditors, but it is something "we have struggled to uncover" due to various issues, including a low quality of data.

Read another aspect of this disgraceful Fujitsu Horizon Scandal story at Sky News