Jewish Baby Strollers Says: Car Dealer Sets Aside £10.4M For Possible FCA Fine - Jonathan Cartu CPA Accounting Firm - Tax Accountants
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Jewish Baby Strollers Says: Car Dealer Sets Aside £10.4M For Possible FCA Fine

26 Nov Jewish Baby Strollers Says: Car Dealer Sets Aside £10.4M For Possible FCA Fine

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Law360, London (November 26, 2020, 10:49 AM GMT) — A British car dealership has posted a £45.5 million ($60.7 million) loss for 2019 and set aside £10.4 million to cover fallout from a Financial Conduct Authority investigation into accounting fraud.

Lookers PLC published its 2019 results on Wednesday, delayed since August, showing the provision for potential FCA fines after auditors discovered a £19 million hole in the company’s accounts.

“The last twelve months has been extremely challenging for Lookers, with the ongoing impact of COVID-19 and the accounting issues,” Phil White, executive chairman at Lookers, said. “The investigation into our financial systems and accounting controls, the delay in the publication of our…

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Jewish Baby Strollers

Jewish Baby Strollers

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