Swan Housing staff deliberately falsified documents for �50m cash boost
Staff at Swan Housing Association deliberately falsified documents in a bid to secure �50m in grants before it was entitled to them, it has emerged.
In a damning judgment handed down by the Homes and Communities Agency (HCA) last week, Swan was found guilty of claiming the money it was not yet entitled to in order to “enhance its reputation”, and of falsifying documents to try to cover its tracks.
The housing group controls Tower Hamlets’ Exmouth and Bow Cross estates, and won the contract for the �500m redevelopment of the Robin Hood Gardens estate in Poplar.
However, the government-run HCA has criticised the association for “significant failures” since 2005.
The HCA judgment said: “The regulator has significant concerns about the strength of the internal control environment at Swan.
You may also want to watch:
“There were widespread control failures within the development department and the organisation failed to identify these.”
The judgment concludes an eight month investigation into the housing association, and has led to the HCA downgrading its rating of Swan’s governance.
- 1 The Queen lends her name to Royal London’s emergency Covid wards
- 2 Police hunt after stabbing in Cable Street: One man hurt
- 3 Death of woman, 75, in Mile End fire could have been avoided
- 4 No injuries but 20 rescued as firefighters tackle Limehouse blaze
- 5 Police raid cannabis factory near Liverpool Street station: 2 arrests
- 6 Airbnb house party violence leaves police officer with broken finger
- 7 Doctors urge Tower Hamlets mayor to end support for Silvertown Tunnel
- 8 Teenager found dead in Victoria Park
- 9 Driver arrested after police 'drugs patrol' stops car in Whitechapel
- 10 Tribute to 7th Barts Health Trust worker to die of Covid-19
The housing group is now required by the regulator to carry out four further internal investigations on the issue.
A Swan statement said it is “fully complying with requests made by the regulator and is confident that it can improve its governance rating over time”.
Chief executive John Synnuck added: “We accept it and recognise that we need to learn lessons and make any necessary adjustments to our working practices.”
Swan recently submitted plans to Tower Hamlets council for the first stage of the redevelopment of Robin Hood Gardens, due to be completed in March 2015.