The Qatari developer being blamed for late payments to Carillion, and thereby contributing to its downfall, has said the claims against it are “misleading”.
In a written statement to MPs as part of an inquiry into the collapse of the British construction giant, Msheireb Properties said “several of the allegations made against them were misleading”.
According to The Telegraph newspaper, it has also provided information to the MPs to support this, although the evidence has not been made public.
It came after the former bosses of Carillion said Qatar’s refusal to settle a £200 million bill helped push the company over the edge.
In a post-mortem on the firm’s failure in front of MPs earlier this month, interim chief executive Keith Cochrane said Carillion was not paid for an unnamed project in Qatar for 18 months.
Msheireb were overseeing Carillion’s largest contract in the Gulf region, a $500 million deal to develop downtown Doha ahead of the 2022 FIFA World Cup.
Ex-boss Richard Howson added that he went to Qatar almost every month to try and negotiate the payments. “I felt like a bailiff, just to try and collect cash,” he said.
However, a spokesman for Msheireb said on Wednesday that the claims against it are “misleading and inaccurate”.
According to The Telegraph, the developer has said it is now "exploring all legal options" as it seeks to recoup the cash it says it is owed from Carillion, which it says amounts to around £200 million.
Sources close to the developer added that it is considering whether to chase Carillion for the money via the courts in the UK or Qatar.
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Read more:
Carillion chiefs blame Qataris for company’s collapse
British MPs say accountancy firms face questions over Carillion collapse
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On Thursday, accountancy firm KPMG, which audited Carillion for 19 years, said that its directors were wrong to try and blame the Qataris for the company’s collapse.
Speaking to MPs, Peter Meehan, partner at KPMG, said: "I can't see how [non-payment from Qatar] was the cause in itself at all.
"The complex nature of the contracts and the judgements and estimates that you heard from the director panel is such that there were a wide range of judgements and estimates involved, and there's a wide range of acceptable answers, there's no right answer in terms of those judgements and estimates and contracts."
Carillion, which employed nearly 20,000 people in Britain, collapsed on January 15 when its banks halted funding, triggering Britain's biggest corporate demise in a decade and forcing the government to step in to guarantee public services from school meals to roadworks.
One of Carillion’s most problematic areas is believed to have been the Arabian Gulf, where it employs 19,000 workers. The company announced a massive £845 million write down last July, of which £314 million was attributed to its Middle East operations.
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
COMPANY%20PROFILE
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COMPANY%20PROFILE
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Profile of MoneyFellows
Founder: Ahmed Wadi
Launched: 2016
Employees: 76
Financing stage: Series A ($4 million)
Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund
No more lice
Defining head lice
Pediculus humanus capitis are tiny wingless insects that feed on blood from the human scalp. The adult head louse is up to 3mm long, has six legs, and is tan to greyish-white in colour. The female lives up to four weeks and, once mature, can lay up to 10 eggs per day. These tiny nits firmly attach to the base of the hair shaft, get incubated by body heat and hatch in eight days or so.
Identifying lice
Lice can be identified by itching or a tickling sensation of something moving within the hair. One can confirm that a person has lice by looking closely through the hair and scalp for nits, nymphs or lice. Head lice are most frequently located behind the ears and near the neckline.
Treating lice at home
Head lice must be treated as soon as they are spotted. Start by checking everyone in the family for them, then follow these steps. Remove and wash all clothing and bedding with hot water. Apply medicine according to the label instructions. If some live lice are still found eight to 12 hours after treatment, but are moving more slowly than before, do not re-treat. Comb dead and remaining live lice out of the hair using a fine-toothed comb.
After the initial treatment, check for, comb and remove nits and lice from hair every two to three days. Soak combs and brushes in hot water for 10 minutes.Vacuum the floor and furniture, particularly where the infested person sat or lay.
Courtesy Dr Vishal Rajmal Mehta, specialist paediatrics, RAK Hospital
COMPANY%20PROFILE
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Company%20Profile
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THE BIO:
Sabri Razouk, 74
Athlete and fitness trainer
Married, father of six
Favourite exercise: Bench press
Must-eat weekly meal: Steak with beans, carrots, broccoli, crust and corn
Power drink: A glass of yoghurt
Role model: Any good man
The%20Specs
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Company%20profile
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5