uk iconUK

 

 

 

FCA launches criminal proceedings with former Redcentric employees

The Financial Conduct Authority (FCA) has confirmed it is taking criminal proceedings against three former executives of Redcentric, after the IT services provider was given a public censure for committing market abuse and ordered to pay £11.4m compensation to investors.

FCA launches criminal proceedings with former Redcentric employees
smsfadviser logo

Fraser Fisher, former chief executive; Timothy Coleman, former chief financial officer; and Estelle Croft, a former finance director have each been charged with two counts of making a false or misleading statement, contrary to Section 89(1) of the Financial Services Act 2012.

Read more at the Accountancy Daily.

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox