BusinessCompany NewsBirmingham City shares suspended on false accounting fears

Birmingham City shares suspended on false accounting fears

City shares suspended after owner and managing director questioned on false accounting allegations

Allegations of false accounting have prompted Birmingham City officials to
call for shares in the club to be suspended pending a further announcement.

The request follows the arrest and questioning of City’s co-owner David
Sullivan and managing director Karren Brady, who were then bailed. The two were
questioned about allegations of false accounting and conspiracy to defraud, the
BBC reports.

The London Stock Exchange suspended the shares this morning. They last traded
at 35.5p per share.

City of London Police raided the Birmingham City a month ago in an ongoing
investigation into transfer dealings and bungs.

The club has said it is co-operating fully with the authorities.

Further reading:

Redknapp arrested in false accounting
enquiry

Overview: Luton Town FC’s former FD under
investigation

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor