The Times water heads were appointed for 18.5 million pounds before protesting the rewards

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The THAMES WATER senior management team is scheduled to receive 18.5 million pounds in the payment payments as part of an emergency loan of 3 billion pounds, even as the largest water benefit in the UK in the bankruptcy bus.

The payments – which were stopped after a protest from the deputies in the House of Commission, Environment, Food, and Rural Affairs – were shared between 21 senior faculty members, but he excluded CEO Chris Weston and other directors.

In total, the Times executives had received three times their primary salary by June next year, with the first 50 percent of the salaries that were already held in April, according to the documents issued by the committee on Monday. The Times Council wrote Sir Adrian Montage in a letter dated in a letter dated May 30.

The future of the Times – which is struggling under Dion mountain worth 20 billion pounds KKR moved away last week From a rescue deal worth 4 billion pounds to the interest. The company provides water and sanitation services to about a quarter of the UK resident.

Feargal Sharkey, a former rock singer who turned into a water campaign, said the payments to the Times executives were a “monster survived all reasonable decency” and called on the company to re -executive under the government’s special management system.

The Times, which was also the subject of general anger at wastewater flows and pollution, is facing possible fines from the Environment Agency that amount to 480 million pounds on the basis of “the worst analysis of cases”, according to a message from Weston to the head of the Environmental Committee.

The letter added that the possible fines were in addition to 900 million pounds of possible penalties for their failure to provide sufficient services to their customers that can be distributed over the next five years. The company was Release A fine by the industry organizer two weeks ago.

The Times bond holders are pushing for the penalties for previous environmental violations to reset the company’s financial performance and escape from the “perishing ring”.

The creditors – which include the American hedge funds Elliott Management and SilverPoint Capital – suggested that 3 billion pounds of stocks in the Times and take 20 percent of their loans, according to persons familiar with the group’s plans.

Persons participating in the discussions said this would reduce the Times debts from £ 20 billion to 12.9 billion pounds, which paves the way for a return to the classification of the degree of investment.

They added that the group of creditors, which includes more than 100 financial institutions due for more than 13 billion pounds by the Times, hoped to agree to the agreement next month.

The transformation plan will include replacing the entire tool plate, which is unlikely to remain in the post.

The creditors will also lend the company to 2 billion pounds, in addition to An expensive loan is 3 billion pounds It was approved by the London Supreme Court earlier this year. Themes Water has declined 750 million pounds, giving it enough money to survive until September.

If the creditor deal fails, other investors, including CK infrastructure and castle water, indicated that they will remain interested in providing bids for the Times, even if it is supposed to be temporarily reshape under the government’s special management plan. The government said it is committed to solving the private sector.

The Times defended the plan to keep the executives, but confirmed that the plan had been suspended and added that no payments were funded by customers.

In reference to the proposed creditor deal, the Times said: “The council will look in the coming weeks in the PAP plan and the full transformation offered by our creditors.”

The group of creditors said that the transformation plan will lead to: “Reforming the radical causes of the THMES Water problems, restoring its public budget, rebuilding customer confidence and repairing the basics of work once and forever.”

Offaat said it “started a comprehensive review of a group of senior creditors.”