HW Fisher sanctioned over GFG Alliance audit lapses Accountancy The watchdog has fined HW Fisher LLP and one of its partners £200,000 for serious professional failures during an audit of Liberty Commodities, a group within metals tycoon Sanjeev Gupta’s GFG Alliance. The Financial Reporting Council (FRC) said HW Fisher LLP and lead auditor Simon Mott-Cowan showed a pervasive lack of “professional scepticism” during the [...]
Bank of England fines financier Jay Hambro Banking The Bank of England has fined banking dynasty scion Jay Hambro for his conduct during a stint as director of the Wyelands Bank, the Sanjeev Gupta-owned lender that ignominiously collapsed in 2020. The BoE’s Prudential Regulation Authority (PRA) issued Hambro – a prominent City figure – with a £72,000 penalty on Wendesday, saying that his [...]