August 30, 2019 / 6:18 AM / 6 months ago

Ferrexpo says some funds to Ukraine charity could have been "misappropriated"

Aug 30 (Reuters) - Ferrexpo said a review of the use of funds that were donated by the iron ore pellet producer to a charity in Ukraine indicated some of the money could have been misappropriated, while adding that none of its directors were involved.

Ferrexpo, which has been looking at possible misuse of funds donated to Blooming Land Charity, said on Friday it has terminated its relationship with the charity.

Reporting by Noor Zainab Hussain in Bengaluru; Editing by Arun Koyyur

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