The former chief executive of Battersea Power Station Development Company is suing his old employer for unfair dismissal, claiming he was fired after blowing the whistle on financial misreporting.
Don O’Sullivan, who ran BPSDC, which has overseen the multibillion-pound renovation of the London landmark, for 11 months between June 2024 and last May, alleged he was dismissed “on trumped-up charges of gross misconduct” after alerting the power station’s Malaysian owners to what he called “serious financial misreporting”.
In his claim for unfair dismissal and whistleblowing detriment, O’Sullivan argued that shortly after joining BPSDC he flagged that some of the undeveloped land around the main power station had been valued internally at hundreds of millions of pounds more than independent estimates.
His lawyers said the effect was to “grossly, and falsely, flatter the balance sheet” of Battersea Project Holding Company (BPHC), the parent company that is owned by the Employees’ Provident Fund, Malaysia’s main pension fund, and two Malaysian property developers, Sime Darby and S P Setia.
Responding to the claim, a spokeswoman for BPSDC said: “We strongly deny and are robustly defending the unfounded allegations made by Mr O’Sullivan in the employment tribunal.”
She added that the company had hired a team of forensic accountants to investigate “historic claims” and they concluded that O’Sullivan’s concerns “were not borne out, no further investigation was warranted and...
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