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Royal Mail chief Moya Greene was given £250,000 of public money to buy UK home
She has now returned £120,000, the amount she received after tax
The chief executive of the state-owned Royal Mail was given £250,000 of public money to help
her buy a new house without the Government being told, it has emerged.
Vince Cable, the Business Secretary, was not told until last month about the payment to
Moya Greene after she moved from Canada to take up her post in 2010. His department
discovered it when it was sent the draft remuneration report for Royal Mail's directors for 2012-13.
Mr Cable intervened, saying his permission should have been sought and that he would have
blocked such a payment. Ms Greene has now returned £120,000, the amount she received
after tax, a transaction has disclosed in the Royal Mail report.