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UK to fine company bosses for "lining own pockets"

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Theresa May, U.K.'s prime minister, said that huge fines will be imposed on company bosses who put their workers' pensions at risk by lining their own pockets, The Independent reported citing The Observer. Ms. May said that proposals include giving the country's pensions regulator specific powers to fine company directors in cases of clear wrongdoing. Meanwhile, several former executives at the failed U.K.-based conglomerate Carillion P.L.C. received significant pay and perks packages before it collapsed.

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