08 OCT 2019: In the days before its final collapse, Thomas Cook paid tens of millions to more than 30 advisers who were involved in talks to restructure the business and save it from failing.

The Financial Times reported that Thomas Cook paid over £20 ($32.7) million to consultants who worked on behalf of the company bondholders, shareholders, the pension fund and insurance schemes.

The payments were a result of the Thomas Cook group trying to get all parties involved to reach a deal.

The newspaper reports that the Big Four accounting groups, 20 law firms and leading restructuring advisers were brought in, along with a turnaround specialist, on behalf of the Civil Aviation Authority.

This news became public just days after it was reported liquidators have paid £18 ($29.4) million to Thomas Cook staff.

Shadow Chancellor John McDonnell told the Financial Times, “The workers and customers of Thomas Cook will look on aghast at the feeding feast that has taken place at this company by accountants and advisers whilst they have lost their wages, jobs and holidays.”

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