A THINK TANK designed to improve financial practice in the City has suspended a senior manager and called in the police over alleged fraud in the organisation.
The International Centre for Financial Regulation (ICFR) has reported the incident to the City of London Police.
"The ICFR can also confirm that a member of the management has been suspended pending the outcome of this inquiry," a statement from the organisation said.
ICFR CEO Barbara Ridpath said: "We consider this situation to be a serious one and it will have a bearing on the future of the ICFR. We are working urgently to find out exactly what has happened, and to resolve the situation in the best interests of all concerned."
The ICFR was created, and partly supported, by the government as well as private sector backers and the City of London Corporation – an organisation set up to look after the Square Mile business district.
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