<IMG alt="Champagne glasses" src="http://pakedu.net/wp-content/uploads/2013/05/wpid-67676752champagneglasses.jpg" width=304 height=171> E-ACT used public money for large drinks bills, business lunches and first class travel A leading academy chain has been criticised for widespread financial irregularities in an official report.
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<P>The Education Funding Agency report highlights a culture of "extravagant" expenses,
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