Grenfell cladding firm Arconic paid shareholders £23m more in compensation than to fire victims

Arconic, which supplied flammable aluminium composite material used to clad Grenfell Tower, has repeatedly denied wrongdoing. Photograph: Henry Nicholls/AFP/Getty Images

The company behind Grenfell Tower’s flammable cladding gave more compensation to its shareholders than to victims of the disaster, an investigation has found.

Arconic, which made and sold the cladding panels found to be the “primary cause” of the rapid spread of the Grenfell fire, paid $74m (£54.7m) to its shareholders for economic loss they incurred after the blaze.