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flag UK probes CTM over $156M false asylum housing sales, halts trading, and seeks repayment.

flag The UK government is investigating Corporate Travel Management (CTM), an Australian firm, after it admitted falsely claiming $156 million in sales for housing asylum seekers, prompting a trading halt and a planned reversal of £77.6 million in revenue. flag The Home Office launched an urgent probe into alleged overspending and pledged to recover taxpayer funds, while the Labour government continues a £161 million contract with CTM through 2029. flag CTM’s founder and UK leadership stepped down, and the company apologized, citing accounting flaws and governance issues. flag Home Secretary Shabana Mahmood vowed to end asylum hotel use by the end of this parliament, shifting people to military bases. flag Despite CTM’s earlier claim of a $3 billion contract value, actual spending is significantly lower.

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