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UK seizes control of Go-Ahead's Southeastern rail franchise

Britain said it would seize control of Go-Ahead Group's Southeastern rail contract after the transport company admitted financial errors and repaid 25 million pounds ($34 million) to the government, the latest failure of the UK's franchise system.

UK seizes control of Go-Ahead's Southeastern rail franchise
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Go-Ahead postponed its annual results that were due on Thursday, announced the immediate departure of its finance director, Elodie Brian, and apologised for its conduct on the London & South Eastern Railway contract (LSER).

Read more at Yahoo News

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