OK, the headline is clickbait – kind of. There does, of course, need to be an investigation into Quindell’s financial ‘restatements’, which it admitted earlier this month meant that the 2013 profit after tax of £83m should have been a loss of £68m, and net assets at 31 December 2013 should have been £446m, rather than £668m. That’s a seriously wonky piece of accounting.
