Police should be called in to investigate the demise of an academy chain, says the leader of Wakefield Council. During a meeting of full council today, it was claimed that Wakefield City Academies Trust (WCAT) transferred millions of pounds of schools’ savings into its own centralised account prior to its collapse.
And three of the district’s member schools could now lose a total of more than £1.5m.
Council leader Coun Peter Box was among several councillors to say the investigation should be referred to the police.
Coun Box said: “It has been suggested that we refer this matter to the police. Can I totally endorse that suggestion?
We have heard statements from colleagues that make it quite clear that there are serious questions to be answered about the way that money has been dealt with and it would appear has not been given back.”
Council calls for police inquiry over WCAT finances
Councillors have called for a police investigation into the financial running of a collapsed academy chain.
Wakefield City Academies Trust (WCAT) announced in September it was giving up its 21 schools because it could not rapidly improve them.
During a Wakefield Council meeting it was claimed the trust moved millions of pounds of school reserves into its centralised accounts prior to collapse.
Leader Peter Box said he would be talking to police about his concerns.
The meeting of the full council heard how three schools in the district, which were run by the trust, face losing a total of £1.5m.
Council meeting - Wednesday 22 November 2017