Two former finance directors of collapsed firm Carillion have been fined by the City watchdog after acting “recklessly” and playing a part in misleading statements issued by the outsourcing giant before its high-profile demise eight years ago.
The Financial Conduct Authority (FCA) said Richard Adam and Zafar Khan were “both aware of serious financial troubles in Carillion’s UK construction business but failed to reflect this in company announcements or alert the board and audit committee”.
