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BRIEF-Advtech says uncovered incidents of fraud​ in schools division
December 1, 2017 / 5:38 AM / 11 days ago

BRIEF-Advtech says uncovered incidents of fraud​ in schools division

Dec 1 (Reuters) - ADVTECH LTD:

* ‍AS RESULT OF CHANGES IMPLEMENTED THROUGH RESTRUCTURING OF FINANCE AND ADMINISTRATIVE FUNCTIONS IN SCHOOLS DIVISION, CO HAS UNCOVERED INCIDENTS OF FRAUD​

* ‍WAS PERPETRATED BY A FINANCIAL MANAGER IN SCHOOLS DIVISION HEAD OFFICE AND TOOK PLACE OVER A PERIOD OF THREE YEARS BEGINNING IN 2015​

* ‍AMOUNTS WERE NOT EASILY IDENTIFIED AS THEY WERE NOT INDIVIDUALLY SIGNIFICANT​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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