
FRC Probes Former Woking Council Officials Over Financial Mismanagement
The Financial Reporting Council launched a probe into former Woking Borough Council’s highest-ranking officials, Ray Morgan and Leigh Clarke, following a declaration that the council was insolvent with an overhang of more than £2 billion because of cataclysmic investment decisions. The UK Financial Reporting Council (FRC) has opened an investigation into two of Woking Borough…