Ex-Carillion executives face £1m in fines over ‘market abuse’ claims

Richard Howson, Richard Adam and Zafar Khan appeal against watchdog findings that they acted recklessly'

Three former Carillion executives have been accused of market abuse" by the City regulator and could face combined fines worth nearly 1m for issuing misleading statements regarding the disgraced outsourcer's financial health before it collapsed in 2018.

The Financial Conduct Authority (FCA) said that it found the executives had acted recklessly" and had been aware the company was publishing misleadingly positive" statements about its finances in 2016 and 2017, particularly in relation to the UK construction arm.