FRC to investigate two former Carillion bosses

Britain's accountancy watchdog has launched an investigation into two finance bosses of collapsed construction giant Carillion.

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The Financial Reporting Council (FRC) has embarked on a probe into former group finance directors Richard Adam and Zafar Khan over financial statements made during their tenures.

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The investigation will cover statements for the year ending December 31 2014, 2015 and 2016, the six-month period to June 30, 2017, and the preparation and reporting of other financial information between 2014-2017.