BAE legal challenge?

Anti-arms campaigners have hired a solicitor to prepare a legal challenge against the Financial Reporting Council’s (FRC) decision to close its investigation into the conduct of accountants KPMG over the auditing of BAE Systems’ accounts. Campaign Against Arms Trade (CAAT) has instructed Leigh, Day & Co solicitor Jamie Beagent, who specialises in judicial review. It argues there is a great public interest in the FRC continuing its inquiries. Beagent says: “Our clients are concerned that decision may have been motivated more by an institutional lack of will to take on one of the big accountancy firms than by the actual facts of the case.”