Second former Carillion boss handed a ban

Richard Adam, who served as the construction firm’s finance director between 2006 and 2017, has been banned for 12 and a half years after it was found that he caused the company to rely on “false and misleading” information for the preparation of its financial statements for 2015 and 2016, and in the reporting of the performance of major construction contracts.  

The news follows the recent disqualification of Adam’s successor at the business – Zafar Khan – for 11 years.  

A spokesperson for the Insolvency Service – which is overseeing the liquidation of Carillion – said: “The Insolvency Service, acting on behalf of the Secretary of State for Business and Trade, has accepted a disqualification undertaking from Richard Adam for 12 and a half years for his conduct as a director of Carillion Plc.

“This follows the disqualification undertaking the Insolvency Service accepted from Zafar Khan on 29 June 2023. As the litigation against the remaining directors is ongoing, with a trial set to commence the week of 16 October 2023, we are unable to comment any further.”