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The chief financial officer of U.K. café chain Patisserie Valerie has been arrested after the company revealed “significant, and potentially fraudulent, accounting irregularities,” according to BBC reports on Friday (Oct. 12).
Patisserie Holdings, the owner of Patisserie Valerie, has requested an “immediate injection of capital” after revealing the accounting irregularities. On Friday, the company said Chris Marsh, its finance director, was arrested during the night and has been released on bail.
Marsh had been suspended by the company after the irregularities were discovered, reports said, when the company revealed “a material shortfall between the reported financial status and the current financial status of the business.” May figures released from the company said cash reserves stood at
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