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UK regulator fines Carillion's former chief $324,500 over misleading statements

Following his challenge being withdrawn, the FCA fined Richard Howson, former Carillion chief executive, 237,000 pounds for regulatory breaches.
The Financial Conduct Authority said Howson's handling of market communications was `reckless` and found he failed to report financial risks to the board and audit committee before the firm's collapse.
Carillion employed about 43,000 people including 19,000 in the UK and collapsed with massive debts, leading to thousands of job losses and disruption to public-sector projects.
In related action, two former finance chiefs, Richard Adam and Zafar Khan, were fined by the FCA over misleading statements, with penalties of 232,800 and 138,900 respectively.
Regulators say Howson `was knowingly concerned in breaches` of the Market Abuse Regulation and the Listing Rules, with enforcement continuing years after the firm's collapse.

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Evening Standard

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The Independent

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Former Carillion boss fined by watchdog over ‘reckless’ actions

The Financial Conduct Authority (FCA) said it had fined Richard Howson £237,000, after he withdrew his challenge to the FCA’s findings.

3 days ago·London, United Kingdom

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Sky News UK

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Ex-Carillion boss fined £237,700 by regulator for 'reckless' behaviour

The Financial Conduct Authority says Richard Howson's failure to give the market honest information over the firm's finances let down both investors and staff.

3 days ago·United Kingdom

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Reuters

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UK regulator fines Carillion's former chief $324,500 over misleading statements

Britain's Financial Conduct Authority said on Monday it had fined the former chief executive of Carillion, Richard Howson, 237,700 pounds ($324,500) for his role in misleading statements issued by the company before it collapsed.

4 days ago·United Kingdom

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Building

Problem Carillion job that helped put firm into financial black ...

First phase of Battersea Power Station scheme was priced to make no money, financial regulator’s judgment into contractor’s former boss finds

2 days ago

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credit-connect.co.uk

FCA fines former Chief Executive of Carillion - Credit Connect

The Financial Conduct Authority (FCA) has fined Richard Howson £237,700 for his part in misleading statements being issued by Carillion. As Group Chief

2 days ago

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Express & Star

Former boss of Wolverhampton construction firm Carillion hit with £237k fine over ‘reckless’ actions

The UK’s finance watchdog has fined the former boss of collapsed construction business Carillion for acting “recklessly” and misleading others over the firm’s precarious financial position.

3 days ago·Wolverhampton, United Kingdom

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