Brief: K2FLY Ltd Announces Update And Conclusion To Ongoing Investigation

K2FLY

30/08/2022 23:44

Aug 31 (Reuters) - K2FLY Ltd  K2F.AX :
    * K2FLY UPDATE AND CONCLUSION TO ONGOING
INVESTIGATION-K2F.AX
    * CONFIRM, FOLLOWING RECEIPT OF FINAL FORENSIC REPORT, VALUE
OF
MISAPPROPRIATED FUNDS IS ESTIMATED TO BE AU$0.84M
    * UPDATES ON FRAUD EVENT WHICH K2FLY FIRST IDENTIFIED AND
DISCLOSED ON 28 FEBRUARY AND FURTHER UPDATED ON 8 MARCH
    * FRAUD REPORTED TO SOUTH AFRICAN POLICE AUTHORITIES AND
CRIMINAL
INVESTIGATION IS ONGOING
    * CONFIRMED FRAUD EVENT OCCURRED IN COMPANY'S SOUTH AFRICAN
REGISTERED SUBSIDIARY BY FORMER EMPLOYEE

Source text for Eikon:  ID:nASX5mC7nw 
Further company coverage:  K2F.AX 

 ((Reuters.Briefs@thomsonreuters.com;))