Updated 22 October 2026.
The Financial Conduct Authority announced enforcement action against two former Carillion finance directors on 7 January 2026. Its press release, updated on 16 February 2026, sets out the findings and links the final notices.
The published decision
The FCA reported fines of £232,800 for Richard Adam and £138,900 for Zafar Khan. It said they were involved in misleading Carillion announcements and had not properly reflected serious financial difficulties in the UK construction business or alerted the board and audit committee.
The regulator also described shortcomings in financial reporting procedures and controls. Read the source and final notices for the exact findings and their scope.
A separate communication lesson
Our interpretation is narrower than a claim about how every construction buyer will react. Public statements should accurately represent the evidence and the responsibilities of the person or business making them.
For ordinary project marketing, that means distinguishing your package from a whole scheme, a target from a measured result and an illustrative example from a real client outcome.
It does not follow from this enforcement decision that better SEO or more director posts will make a contractor pass qualification or win an award. Those are separate matters.
Source checked 22 October 2026. This is a retrospective account of the announcement, rather than breaking news.
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