Three former Carillion execs fined almost £1m by financial watchdog

By Daniel Gayne2022-07-28T12:36:00

Source: Shutterstock

FCA says trio recklessly mislead market before contractor’s collapse, but they plan to appeal

Three former Carillion executives have been fined by the UK’s financial watchdog for their “reckless” actions in the doomed contractor’s final months.

All three men have appealed the penalties issued by the Financial Conduct Authority (FCA), which are worth nearly £1m combined.

Carillion had been the UK’s second biggest contractor and was working on 420 public sector contracts when it went bust in January 2018.

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