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Business May 12, 2026

FRC Bans Five Former Carillion Executives Over Reckless Accounting

Five former senior figures at the collapsed construction giant Carillion have been banned by the UK…
Executive Summary Five former senior figures at the collapsed construction giant Carillion have been banned by the UK’s Financial Reporting Council (FRC), ending their accounting careers after the regulator deemed their conduct “reckless”. The sanctions include bans ranging from two to fifteen years and combined financial penalties exceeding £300,000. FRC Imposes Bans on Five Former Carillion Executives The FRC announced on Tuesday that former finance director Richard Adam (69) will be excluded from the Institute of Chartered Accountants in England and Wales for 15 years. His successor, Zafar Khan (58), received a 10‑year ban. Three unnamed senior accountants were also barred for periods of two to eight years. Financial Sanctions Totalling Over £300,000 Richard Adam: £222,019 sanction (reduced from £550,000) Zafar Khan: £60,228 sanction (reduced from £225,000) Unnamed accountant 1: £45,000 sanction, 8‑year ban Unnamed accountant 2: £26,000 sanction, 5‑year ban Unnamed accountant 3: £26,000 sanction, 2‑year ban Both Adam and Khan had previously been fined by the FCA – £232,830 and £138,960 respectively – for misleading investors. Implications for UK Corporate Governance and the Construction Sector The bans underscore the regulator’s willingness to impose severe penalties on senior finance officers who fail to uphold integrity, especially in large, listed companies. Carillion’s collapse in January 2018 left £7 billion of debt, 3,000 job losses and delayed major public‑sector projects, highlighting systemic weaknesses in financial oversight. 2017 profit warnings and massive provisions (£845 m, £200 m) signalled deepening trouble. January 2018 compulsory liquidation triggered a cascade of project delays and cost overruns. Future Regulatory Scrutiny Likely to Intensify Analysts expect the FRC and other watchdogs to increase examinations of accounting practices in the construction and infrastructure sectors. Companies may face tighter reporting requirements, and senior finance professionals could encounter more rigorous personal accountability standards.
#Carillion #Financial Reporting Council #Richard Adam
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Entertainment Apr 02, 2026

Easter Bunny Movies Ranked: From Killer Rabbits to Cartoons

The Guardian ranks Easter bunny movies from killer rabbits to cartoons, featuring a list of 20 film…
The Easter bunny has been a staple in many films, often depicted as cute and harmless, but sometimes also menacing and deadly. The Guardian has ranked Easter bunny movies, providing a list of 20 films that showcase the versatility of the Easter bunny character. The list includes Who Framed Roger Rabbit (1988) at number one, a film that combines live-action and animation, featuring a character with characteristics of many cartoon critters. Other notable mentions include Wallace & Gromit: The Curse of the Were-Rabbit (2005) at number three, a stop-motion animated film by Aardman, and Watership Down (1978) at number two, an animated adaptation of Richard Adams's novel. The list also features films like Monty Python and the Holy Grail (1975), which includes a scene with the holy hand grenade of Antioch, and Donnie Darko (2001), which features a sinister figure in a metal-faced bunny suit. Other films, such as No Surrender (1985), Fatal Attraction (1987), and The Favourite (2018), also make the list. The ranking showcases a wide range of Easter bunny depictions, from cute and harmless to menacing and deadly, demonstrating the versatility of the character in cinema.
#Peter Rabbit #Rise of the Guardians #Donnie Darko
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