The sum is 10 times the average loan, and was paid to a company indirectly controlled by Matt Moulding
Warrington council lent the billionaire owner of The Hut Group (THG) £151m before the online retailer’s £5bn market listing.
The Cheshire local authority extended a £200m loan facility to a company controlled by Matt Moulding in October last year, one of the largest council loans on record, from which it has taken three drawdowns totalling more than £151m.
