Academy Enterprise Trust paid almost £500,000 over three years to private businesses owned by its trustees and executives
Daniel Boffey, The Guardian, 20th July 2013
The country's largest taxpayer-funded academy chain, which was recently criticised for its poor performance in managing schools, has paid nearly £500,000 into the private business interests of its trustees and executives.
An investigation by the Observer has uncovered a series of payments over the past three years to companies in which those running theAcademy Enterprise Trust (AET), a registered charity, have a beneficial interest. The payments were for services ranging from "project management" to "HR consultancy", according to the academy chain's company accounts. AET, which is based in Essex, has not provided further details. In all the cases the services had not been put out to competitive tender.
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