Second Carillion director sanctioned

The Insolvency Service has handed out another disqualification to a former Carillion director.

Richard Adam, who served as group finance director at the support services giant from 2007 to 2016, has been disqualified as a director for 12 and a half years due to his conduct.

Among the actions leading to the ban, the Insolvency Service said Adam had caused Carillion to rely on “false and misleading financial information” for the preparation of its financial statements in 2015 and 2016, relating to the performance of the firm’s major construction contracts including the Royal Liverpool PFI project and the Aberdeen Western Peripheral Route non-profit distributing (NPD) scheme, among others.

Adam is the second former Carillion director to be disqualified, after the Insolvency Service banned Zafar Khan for 11 years earlier this month.