The outgoing chairman of a debt-ridden company has splashed out on a £1million penthouse in Edinburgh as well as a range of properties.
Leaving behind £14billion worth of debt, Ian Marchant, 62, is stepping down as chairman of Thames Water, the water supplier that had crisis talks with the UK Government earlier this week.
As the Daily Mirror reports, the chairman is being replaced after more than five years but should have no trouble making ends meet with an impressive property portfolio.
