By Tom Winnifrith | Wednesday 13 October 2021
Earlier I wrote up the damning report by the FRC into KPMG and its former partner David Costley Wood. The latter lied about a scheme he had engineered which would have wrecked the finances of good ordinary decent working folks and screwed the taxpayer. He then lied about what he had done and fabricated notes of meetings 13 months after they took place in order to try and leg over the regulator. Had KPMG acted against Costley-Wood when it was alerted rather than only parting company with him a couple of months ago, the disgraced Mr Costley-Wood would have been more than £6 million worse off. And that is one reason why he doesn’t care about a £500,000 fine. As you can see below… Another reason is that he will not pay a cent of that fine….
Already a subscriber? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen