News Formal

Former Carillion finance chief Khan handed 11-year boardroom ban

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Zafar Khan, who served as group finance director of the construction group for just eight months, has agreed to a directorships ban imposed by the Insolvency Service, Sky News learns.

Carillion's demise was one of the most notorious failures of a major British company in the last decade.

"Its failings in subsequently managing them to generate profit was masked for a long time by a continuing stream of new work and… accounting practices that precluded an accurate assessment of the state of contracts." Greg Clark, the then business secretary, wrote to the Insolvency Service soon after Carillion's liquidation to seek an accelerated probe into the conduct of its former directors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'To let' sign outside former city gym as space put on marketThe gym shut in December last year
Source: nottslive - 🏆 96. / 52 Read more »