18th Aug 2015 06:23
LONDON (Alliance News) - Technology and outsourcing company Quindell PLC said Tuesday that the UK Financial Conduct Authority has opted to discontinue its investigation into the company in light of a separate investigation that has been launched by the Serious Fraud Office.
The FCA had been undertaking an investigation into the insurance technology and outsourcing company's accounts for 2013 and 2014, and on August 5 the SFO informed the company it had opened an investigation into its past business and accounting practices.
On Monday, Quindell appointed Indro Mukerjee, non-executive chairman of FlexEnable Ltd, as its new chief executive, taking responsibility over leading the company in the aftermath of the delayed publication of its results for 2014.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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