The Financial Reporting Council (FRC) has fined the former boss of failed Christmas savings company Farepak £65,000
The Financial Reporting Council (FRC) has filed a disciplinary complaint against William Rollason, a former director of Farepak and parent company European Home Retail (EHR).
Farepak auditors Ernst & Young and one of its former partners are facing disciplinary action from the Financial Reporting Council (FRC).
The former finance director of failed business Farepak could lose his right to be a director in a UK business if High Court legal proceedings to disqualify the company board are successful.
The Scottish National Party’s spokesman on regulatory reform, MP Mike Weir, this week called for an investigation into the insolvency profession’s excessive compensation levels.
The actions of financial experts in the lead up to the collapse of Christmas hamper firm Farepak are to be officially investigated.
Listening to the radio this week I heard the piteous moans of those who had put money into Farepak to save for their Christmas celebrations, and was struck by two things.
Thousands of families who lost money as a result of the collapse of Christmas hamper business Farepak are to receive help from a new government fund, ministers have been announced.