Richard Adam’s shares sales took dwelling before KPMG audit which led to profit warningCarillion’s former finance director sold nearly £800000 of shares after retiring final year shortly before the firm’s collapse,according to evidence published by MPs.
Richard Adam, who had managed Carillion’s finances for a decade, and offloaded £534000 of shares on 1 March final year,three months after stepping down from the company, before selling a further £242000 of stock handed to him in May as part of a bonus scheme.
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Source: guardian.co.uk