4 Charged with fraud
https://news.sky.com/story/patisseri...lapse-12960495
Four people have been charged in connection with the collapse of Patisserie Valerie - a bakery chain that once had almost 200 stores.
The Serious Fraud Office (SFO) said it related to an investigation that began in October 2018 - just two days after the company abruptly suspended trading, with more than 900 jobs and 70 sites subsequently lost.
Christopher Marsh, who formerly served as Patisserie Holdings' chief financial officer, is among those facing charges.
His accountant wife Louise - as well as financial controller Pritesh Mistry and financial consultant Nileshkumar Lad - have also been charged.
"The SFO has charged all four suspects with conspiring to inflate the cash in Patisserie Holdings' balance sheets and annual reports from 2015 to 2018, including by providing false documentation to the company's auditors," a statement said.
"During this time, the company also reported holding £28m in accounts, yet concealed £10m in debts from its investors and creditors."
The four individuals are due to appear before Westminster Magistrates Court next month for the charges to be formally read.
https://news.sky.com/story/patisseri...lapse-12960495
Four people have been charged in connection with the collapse of Patisserie Valerie - a bakery chain that once had almost 200 stores.
The Serious Fraud Office (SFO) said it related to an investigation that began in October 2018 - just two days after the company abruptly suspended trading, with more than 900 jobs and 70 sites subsequently lost.
Christopher Marsh, who formerly served as Patisserie Holdings' chief financial officer, is among those facing charges.
His accountant wife Louise - as well as financial controller Pritesh Mistry and financial consultant Nileshkumar Lad - have also been charged.
"The SFO has charged all four suspects with conspiring to inflate the cash in Patisserie Holdings' balance sheets and annual reports from 2015 to 2018, including by providing false documentation to the company's auditors," a statement said.
"During this time, the company also reported holding £28m in accounts, yet concealed £10m in debts from its investors and creditors."
The four individuals are due to appear before Westminster Magistrates Court next month for the charges to be formally read.
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