Carillion bosses face a 15-year ban from managing firms

published 13.01.2021 23:52

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Those facing legal action are the former chairman, two chief executives, two finance directors and three non-executives.

New Business Secretary Kwasi Kwarteng has launched legal action against eight former Carillion directors three years after the construction firm collapsed.

The legal action marks a bold move by Kwarteng, who was appointed Business Secretary last week with predecessor Alok Sharma now focusing full-time on his role as president of the UN COP26 global climate talks in Glasgow later this year.

The Carillion directors were not named by the FCA but received warning notices.

The Insolvency Service said: ‘We can confirm that the Secretary of State issued company director disqualification proceedings in the public interest against eight directors and former directors of Carillion.’

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