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FCA fines former Carillion directors in misleading statements case

Signage of Carillion PLC outside its former headquarters
Carillion operated in the UK, Canada, and the Middle East before its collapse in 2018. Photo: Christopher Furlong/Getty Images

Hameed Shuja

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Richard Adam and Zafar Khan have been accused of acting recklessly despite being concerned about the financial troubles at the company. Carillion’s former CEO is also facing a hearing.

The UK’s financial watchdog has fined two former directors of Carillion plc for their part in misleading statements issued on behalf of the business that did not reflect a true account of its financial troubles.

The FCA has said Richard Adam and Zafar Khan “were both aware of serious financial

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