And the last word goes to .......

 Lo and behold..

On 11th and 12th October one Agency of the Department of Business and Trade states that its records are being amended to reflect the decision of a second  Agency purportedly taken on 19th April that yet a third Agency is responsible for investigating for the now admitted (in writing) criminal conduct of the directors of Quantexa Ltd. 


What is the point of the Companies Act 2006 and the about to be enacted Economic Crime and Corporate Transaparency Bill?


Will the auditors now resign for signing off on false statements made in Quantexa's very late filed accounts? Their Code of Ethics requires them to.


The still unanswered questions:

1. Why did "Quantexa" feel the need to lie about the failure of its Series D and Series E fund raising and never to tell the truth, even in its statutory accounts, that its PR spin was knowingly false?

2. Is this a common practice across the entire UK FinTech and RegTech sector? 


"Who watches the watchers" - apparently not The Rt Hon Kemi Badenoch MP, Secretary of State for Trade and Business who is mandated to do so.



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