A former UK Drainage Network employee has been forced to retract claims that the company handed over shares to land a fulfilment contract, after admitting the allegations were false.
In an anonymous e-mail sent to insurers last year, and seen by Post, the claims fulfilment firm was accused of offering shares in UKDN sub-contractor Pentagon to a then Halifax General Insurance employee in order to land a five-year tender worth £12m.
A spokesman for UKDN told Post: "A former employee of UKDN made false and defamatory allegations against the business. These related to incidents dating back to 2004.
"Following a High Court hearing on Friday, the individual has made a full retraction and apologised to UKDN and its clients. As part of the consent order, the individual will also be required to make a substantial contribution towards UKDN's legal costs."
He added: "Our clients have been kept fully informed throughout the process. We take our reputation very seriously and are pleased that these allegations have been found to be entirely groundless and without fact. The matter is now closed."
Last January, UKDN outlined plans to grow the business beyond drainage after private equity firm Lyceum Capital invested £20m in the firm.
UKDN's current insurance partners include Aviva, Lloyds Banking Group and Zurich.
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