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India finance minister Jaitley May Return From US By This Weekend

INDIA'S finance minister Arun Jaitley is likely to return this weekend from the US, where he has been receiving medical treatment, sources said.

Jaitley could also attend parliament next week, the source added.


It is unclear if he would be handed back the charge of the finance ministry soon after his return.

His portfolio has been handed to Piyush Goyal, who is also the railways minister.

In an interview in New York after the budget was presented last week, Jaitley said he was recuperating.

The budget session of India's parliament ends on February 13, and a debate on the interim budget, presented by Goyal, is scheduled to take place before next week.

"Will be back soon. I am much better now. Hopefully, will be back soon," Jaitley had said on February 1, when asked when would he come back.

Jaitley, 66, left for New York last month for medical attention.

This is his first overseas visit after he underwent renal transplant surgery at AIIMS in Delhi last year.

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The FCA found both acted recklessly and were knowingly concerned in breaches by Carillion of the Market Abuse Regulation and the Listing Rules.

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FCA fines former Carillion finance directors £371,700 for market abuse

Highlights

  • Richard Adam fined £232,800 and Zafar Khan fined £138,900 for reckless conduct.
  • Pair aware of financial problems but failed to inform Board, audit committee or market.
  • Fines follow withdrawal of challenges after FCA found Market Abuse Regulation breaches.

The Financial Conduct Authority has fined two former finance directors of collapsed construction giant Carillion a total of £371,700 for their roles in issuing misleading market statements.

Richard Adam and Zafar Khan were both aware of serious financial troubles in Carillion's UK construction business but failed to reflect this in company announcements or alert the Board and audit committee, the regulator found.

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