Episode Details

An Australian travel giant, Corporate Travel Management, faces a potential $100 million overcharging scandal tied to refugee housing contracts—accused of phantom rooms, double-billing, and billing without proper agreements. Auditors flagged the red flags in 2023, and internal docs reveal serious accounting issues, especially with UK government deals. While the company denies intentional fraud, it’s now eyeing a $128 million revenue reversal and racing to file delayed accounts to stay on the stock market—even as it secures a new government contract. The human cost? Refugees displaced by conflict may have been housed under inflated bills.

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