Greek securities regulator imposes 4 mln euro fine on jewelry maker Folli, cites market manipulation

Folli Follie SA

02/08/2018 15:42

ATHENS, Aug 2 (Reuters) - Greece's securities regulator on
Thursday imposed a 4 million euro  ($4.64 million) fine on
luxury jewelry maker Folli Follie  HDFr.AT  and nine
individuals, citing market manipulation over 2017 financial
information.
    The Hellenic Capital Market Commission said in statement
that Folli also failed to provide requested data.
    Folli's finances are being investigated by Greek authorities
after equity fund Quintessential Capital Management (QCM) issued
a report saying the company had overstated the number of retail
outlets it operates worldwide and raised concerns over its
reported finances.

($1 = 0.8613 euros)

 (Reporting by Angeliki Koutantou)
 ((angeliki.koutantou@thomsonreuters.com; +30 210 3376436;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))