The former director of a company in liquidation denied an insolvency specialist's claims that he took part in a value-added tax fraud at the business and is liable for paying about £2 million ($2.6 million), saying the U.K. tax authority has withdrawn its liability notices against him.
The former director of a company in liquidation denied an insolvency specialist's claims that he took part in a value-added tax fraud at the business and is liable for paying about £2 million ($2.6 million), saying the U.K. tax authority has withdrawn its liability notices against him.
The liquidators of an insurance company have hit BDO LLP with a negligence claim of more than $100 million, arguing that inadequate audits concealed the true financial picture of the defunct business.
A technology provider has alleged that the Financial Conduct Authority carried out a "fatally flawed and unfair" procurement process for a prestigious contract worth an estimated £29.5 million ($38.4 million) to provide bond consolidated tape.
European authorities revealed Tuesday that they have arrested nine people suspected of money laundering through a cryptocurrency network that scammed victims out of more than €600 million ($690 million).
Bermudian investment firm Ocean Wilsons said Tuesday that it expects its all-stock merger with local rival Hansa Investment Co. Ltd. to go ahead after a court hearing to sanction the deal, postponed since September because of a shareholder concern, concluded on Monday.
A real estate business has sued a property developer and a Dubai bank for allegedly undermining a £260 million ($340 million) refinancing deal secured against a luxury London property.
The government should give "much more thought" to its plans to apply inheritance tax to wealth transferred through pensions to ensure the proposals are implemented fairly and effectively, a retirement consultancy has said.
The U.K.'s flagship online pension dashboard project is still on track with now less than a year to go before the final deadline, the agency responsible confirmed.
The European Commission said Tuesday that it has appointed veteran economic crime prosecutor Petr Klement to head the bloc's fraud investigatory office.
The owner of the London Stock Exchange said Tuesday that it will immediately start an approximately £1 billion ($1.3 billion) share buyback program to return surplus cash to its shareholders, as it released strong financial results for the period July to September.
