VALERIE PATISSERIE FINANCE DIRECTOR IN SFO FRAUD PROBE

THE UK Serious Fraud Office (SFO) has opened a criminal investigation into fraudulent activity at bakery chain Valerie Patisserie by finance director Chris Marsh after a GBP20 million black hole was found in the accounts. After discovering historical statements about company finances were “were mis-stated and subject to fraudulent activity and accounting irregularities,” Chairman of the Board, Luke Johnson, had to step in with loans from his own funds to stop the chain sinking. Johnson later revealed that there had been GBP9.7 million in two unauthorised ...


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