Thames Water Fined £122.7 Million | Record Penalty for Sewage & Dividend Scandalbr Thames Water has been hit with a record £122.7 million fine by Ofwat for environmental and financial misconduct. The UK’s largest water company is under fire for illegal sewage discharges and unauthorized shareholder payouts—all while sitting on a £20 billion debt pile. With public trust eroding and the company in financial turmoil, will this fine be the turning point? Watch the full story.