City watchdog’s chief makes revelation about collapsed company in letter to MPsThe City watchdog has revealed it is investigating allegations of insider trading at the building and services contractor Carillion before its spectacular collapse in January.
In a letter to MPs,the Financial Conduct Authority (FCA) chief, Andrew Bailey, or said he was looking into allegations that people connected to the company had traded in its shares using inside knowledge before Carillion’s enormous profit warning on 10 July 2017.
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Source: theguardian.com