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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

FCA fines two former Carillion directors for misleading investors before collapse

Carillion logo can be seen on the back of an orange hi-vis vest
The FCA fined Richard Adam and Zafar Khan £232,800 and £138,900 respectively. Carillion, which was a major government contractor, collapsed with £7bn of debts in 2018. Photograph: Yui Mok/PA

The UK’s financial regulator has fined two former executives at the government contractor Carillion for misleading investors before the construction company’s collapse eight years ago.

Richard Adam and Zafar Khan knew about serious problems in the business but failed to alert investors, the board or the audit committee, the Financial Conduct Authority found.

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