Reports: Greek cap market commission detects falsifications in Folli Follie’s 2016 balance sheet
Greece’s capital market commission has reportedly detected falsification of figures in beleaguered Folli Follie Group’s balance sheet for 2016, during an audit that was recently completed. Moreover, evidence of intentional deception could lead to felony charges.
According to information gathered by “N”, the commission has evidence of falsified figures dealing with the company’s cash reserves, among others. An investigation is also continuing into the sale of securities by FF founder and primary shareholder Dimitris Koutsolioutsos, worth 23 million euros, in order to verify if a monetary benefit was derived from the transaction.
You may be interested
“Wish Tree” on Greek island becomes Tourist attractionPanos - Mar 19, 2019
The “wish tree” on the picturesque Antipaxos island in the Ionian Sea has become a tourist attraction, as every year…
Professional fisherman dies off western Greece after casting his netPanos - Mar 19, 2019
An odd but tragic accident was reported over the weekend with a 67-year-old fisherman dying under still undetermined circumstances moments…
High school teacher arrested after reportedly having sex with studentPanos - Mar 19, 2019
A former Georgia high school teacher was detained after she was accused of having a sexual relationship with one of…