What did Post Office do with all that money?

MINISTERS will order the Post Office to explain what it did with cash taken from sub-postmasters who had been told money had gone missing from branches.

- Jonathan Walker

Victims of the scandal re-mortgaged their homes, sold their possessions and handed over savings in an attempt to balance the books after being told there was a shortfall in their accounts – even though faults in the Horizon computer system were to blame.

But Post Office officials say they don’t know what happened to the money and have admitted it could have been paid to executives as bonuses. 

Business Minister Kevin Hollinrake will tell bosses to give him all the information it has about the missing funds.

He said: “What it did with the monies claimed from postmasters due to errors in the Horizon system is a complex matter.”

The Government wanted to know “what information is available and in what form,” he added.