The UK’s Financial Conduct Authority has fined former finance directors of Carillion, Richard Adam and Zafar Khan, according to a statement.
- Adam and Khan fined £232,800 and £138,900, respectively
- The FCA found both acted recklessly and were knowingly concerned in breaches by Carillion of the Market Abuse Regulation and the Listing Rules
- Adam and Khan were both aware of serious financial troubles in Carillion’s UK construction business but failed to disclose them to the board and audit committee, FCA says
- NOTE:
KPMG Fined a Record £21 Million Over Carillion Audit Scandal
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