The accounting watchdog is expected to announce an investigation into potential misconduct by two former finance directors at Carillion, the failed government contractor.
The Financial Reporting Councils conduct committee is understood to have agreed that there are sufficient grounds for a probe into the conduct of Richard Adam and Zafar Khan. An announcement is expected early next week. A spokesman for the FRC declined to comment.
Frank Field and Rachel Reeves, the MPs leading a joint select committee inquiry into Carillions failure, welcomed the regulators decision to investigate individual directors.
In evidence to the business select committee in January, the FRC chief executive, Stephen Haddrill, told MPs the watchdog was examin…
Read the full article at: https://www.theguardian.com/business/2018/mar/17/former-carillion-finance-directors-investigation-frc
