Unbelievable. I'm with these idiots. I look forward to having my bills go up to help 're pay' for all this work.
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Effectively they took that money and gave it to the execs and shareholders. No way should they be allowed to take more money to pay for these upgrades - why should they be trusted to do the right thing this time around?
Well, they claim that they haven't paid shareholders since 2017.
Although the Saudi parent company has been milking it and claiming that's not dividends. Ofwat doesn't seem convinced, but it might be important to note, that regular shareholders have been investing money and getting nothing back as its been laundered.
That's what it is, not dividends, so it must be laundering according to TW.