Looks like the City was sceptical about Carillions position for some time:
Quote:
While the stock remains one of the most shorted on the London stock exchange, a number of hedge funds have closed out positions against Carillion, booking monster profits in the process.
Just over a quarter (26 per cent) of Carillion's shares are on loan, having peaked at over 32 per cent at the start of September, according to figures compiled by IHS Markit.
In order to bet against a listed company, hedge funds and other City firms borrow shares from large financial institutions and sell them on the stock exchange with a view to buying them back at a lower price at a later date.
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Source
The auditors and the auditing process has to be questioned.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
