Patisserie Valerie owner faces crisis potential fraud as black hole in accounts is announced

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Patisserie Valerie has confirmed there are “significant and potentially fraudulent accounting irregularities” in its accounts and has suspended its chief financial officer Chris Marsh with immediate effect.

Patisserie Holdings have said the discovery ‘significantly impacted the company’s cash position and may lead to a material change in its overall financial position”.

It has requested that its shares be suspended from trading on London’s junior Aim market while it conducts a full investigation.

Patisserie Valerie owner faces crisis potential fraud as black hole in accounts is announced by Caterlyst | Caterlyst - https://www.caterlyst.com/

Caterlyst

Author: Caterlyst

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