Pru fined £30m over AIA bid plans

Press Association


Prudential has been hit with a £30 million fine after it kept regulators in the dark over plans for a business-changing Asian takeover.

The insurer's chief executive Tidjane Thiam was also censured after the Financial Services Authority (FSA) complained it had not been told about the 2010 bid for AIG's Asian subsidiary AIA in a move worth £23 billion.%VIRTUAL-SkimlinksPromo%