“Stakeholders are now advised that the board, after completion of the internal investigation, has decided to institute an independent forensic investigation into possible misrepresentation on the merits and purpose of the investment at the time of the initial investment proposal, which may have ultimately resulted in financial loss to the company,” the group said.
Earlier in September, Ecsponent said it had instituted legal action after a forensic investigation into $7.5m in funds received by a Mauritius-based subsidiary. The group said at the time the use and distribution of the funds had been probed.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Six reasons to consider investing in tech in a post-pandemic worldSPONSORED | Pioneers of vital technologies will drive the post-pandemic investment market, says Franklin Templeton
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »