Carillion Faces FCA Censure Over 'Reckless' Statements

Law360, London (November 13, 2020, 1:31 PM GMT) -- The Financial Conduct Authority said Friday that it has hit outsourcing giant Carillion PLC with a warning notice, which could lead to a public censure, for allegedly giving false and reckless statements about its financial position to the market before its high-profile collapse.

The FCA has hit Carillion and some of its previous executives with a warning notice for making misleading announcements to investors before the company went bust in early 2018. (Daniel Sorabji/AFP via Getty Images) The City watchdog said that it has handed a warning notice to Carillion and some former executive directors for making misleading announcements to investors...

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