MORE fraudulent transactions have been discovered at listed property developers Safeland.
Another £265,000 in fraudulent transactions have been discovered at Safeland, taking the total of misappropriated funds to more than £1.5m.
The developer is in the midst recovering £700,000 of the funds. "The company continues to trade in the usual way, despite the events disclosed in this announcement," it said in a statement to the stock exchange.
Auditors Baker Tilly quit the role soon after the discovery of the initial lost funds due to "an unmanageable conflict of interest". A replacement has yet to be named.
Its share price fell 1.5p in this morning's trading, to 5.25p.
For more companies and markets data, visit the Share Price Centre
Sign up for Financial Director email alerts
Please enter your email below to receive your profile link
Search by job title, salary, or location - we only list senior financial roles
1830, 12 Mar 2013
Now in their second year, these prestigious awards recognise those in finance that have demonstrated success and innovation over the last 12 months. Entries are now open!
3pm, 28 Nov 2013
Join Financial Director for this informative web-seminar on how to use communication technology as a way to improve productivity, profits and reduce costs
Send to a friend