North East transport firm Go-Ahead Group has been issued with a £23.5m fine for what the Government has described as an "appalling breach of trust."
It comes as the Department for Transport (DfT) has also ordered the firm to pay back £64m owed to the taxpayer, and identified fraudulent behaviour possibly stretching back as far as 2006.
Go-Ahead previously reported it had already paid £49.2m to the Government, but had anticipated the total amount owed to be £51.3m.