Corporate Travel Management Faces Legal Threats Over Overcharging Scandal
Corporate Travel Management (CTM) is under scrutiny after a financial review revealed the company overcharged customers by approximately AU$162 million. The scandal has led to the suspension of the company's UK executive, Michael Healy, and has prompted investigations by Britain's Cabinet Office and the Greater London Authority. Litigation funders and law firms are examining the case, which may involve allegations of misleading conduct and breaches of disclosure rules. The potential legal claims could target CTM's financial statements and involve the company's directors and former auditor, PricewaterhouseCoopers. The situation raises questions about the company's financial practices and compliance with regulatory standards. 
