Feeble Carillion finance boss banned for 11 years

Breaking News

Breaking News Khan voluntarily agreed to the 11-365 days ban

Khan voluntarily agreed to the 11-365 days ban

In 2017 Khan commissioned a monetary overview of the enterprise by KPMG after the enterprise issued a earnings warning. KPMG’s overview stumbled on an nearly £850m dim gap.

After nine months as finance director, Khan left the enterprise rapidly sooner than it went under in January 2018.

Final 365 days Khan and other feeble Carillion directors Richard Howson and Richard Adam cling been hit by hefty fines by the Financial Behavior Authority. All three are believed to be attention-grabbing the fines which, in Khan’s case, became once £154,400.

Khan is identified to cling agreed to honest safe the 11-365 days disqualification by the Insolvency Service.

A spokesperson for the Insolvency Service said: “The Insolvency Service, appearing on behalf of The Secretary of Negate for Industrial and Trade, has authorized a disqualification enterprise from Zafar Iqbal Khan for 11 years for his behavior as a director of Carillion Plc.

“Because the litigation against the last directors is ongoing, with a trial deny to launch the week of 16th October 2023, the Insolvency Service is unable to comment any extra.”

Received a yarn? E-mail

Related Articles

Back to top button