FCA Enforcement Action ' Former CFO And Finance Director Of AIM-listed Company Convicted For Misstated Results

• Published date: 28 February 2022
• Law Firm: Herbert Smith Freehills
• Author: Mr Mark Bardell, Mike Flockhart and Antonia Kirkby

Following criminal proceedings brought by the Financial Conduct Authority (FCA), the former chief financial officer and the former finance director of Redcentric PLC have been convicted of:

• making false or misleading statements, contrary to section 89(1) of the Financial Services Act 2012; and
• false accounting, contrary to section 17(1)(a) of the Theft Act 1968.

The proceedings were brought after Redcentric, an AIM-listed company, issued unaudited interim results in November 2015 and audited final year...