Three former executives at collapsed construction firm Carillion each face six-figure fines for market abuse for “recklessly” making misleadingly positive and inaccurate statements about the company’s financial health despite knowing it was in trouble.
The U.K. Financial Conduct Authority (FCA) on Thursday announced its decision to fine former Chief Executive Richard Howson 397,800 pounds (U.S. $483,000) and former finance directors Richard Adam and Zafar Khan £318,000 (U.S. $386,000) and £154,400 (U.S. $187,000), respectively.
