Sector Regulation Sector Regulation

KPMG fined GBP13 million for conflicted advisory work in Silentnight sale

By Fiona Maxwell
  • 05 Aug 2021 05:43
  • 05 Aug 2021 05:43
KPMG has been fined 13 million pounds ($18 million) for “very serious” misconduct issues relating to its advisory work with Silentnight. 

The mammoth fine was issued by an independent tribunal of senior UK lawyers, after the Financial Reporting Council identified concerns regarding KPMG’s role in the 2011 sale of Silentnight to

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