Collapsed NMC Health misled markets over £3.2bn of debt, says watchdog
The Financial Conduct Authority censured the former FTSE 100 company for misleading the market.
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The Financial Conduct Authority censured the former FTSE 100 company for misleading the market.
The Financial Conduct Authority said on Friday that it has censured failed hospital operator NMC Health for understating its debt by up to $4bn.
FCA censures former FTSE 100 company but stops short of a fine as no funds are expected to be left
The hospital operator plunged into administration in 2020 after a report by short seller Muddy Waters Capital raised questions over the accuracy of its accounts.
In the build-up to his appointment as chief executive of the Financial Conduct Authority (FCA) in 2020, Nikhil Rathi stated that his vision for the regulator involved “a stronger,...