The company said on Wednesday that it plans cooperate with the Financial Conduct Authority.

Yu said in October that an internal review of the performance of the firm had raised significant concerns including the recognition of historic accrued income, impairment of trade debtors and gross margins being achieved against prior expectations.

(Reporting by Samantha Machado and Noor Zainab Hussain in Bengaluru; Editing by Saumyadeb Chakrabarty)