UK's largest water provider receives record fine

Thames Water, the UK's largest water provider, has been hit with a record fine from regulator Ofwat.

According to foreign media, the company has been fined 122.7 million pounds following Ofwat's "largest and most complex" investigation.

This fine comes after two investigations related to its wastewater operations and dividend payments, writes A2 CNN.

Of the total fine, £104.5 million has been imposed for breaches of wastewater rules, while £18.2 million will be paid for breaches of dividend payment rules.

The fine will be paid by the company and its shareholders, Ofwat said, and not by customers.

Thames Water serves 16 million customers across London and the South East of the country. (A2 Televizion)