Brief: K2fly Updates On Ongoing Investigation

K2FLY

08/03/2022 01:18

March 8 (Reuters) - 
    * K2FLY - INVESTIGATING DISCREPANCIES BETWEEN RECORDS OF ITS
SOUTH
AFRICAN REGISTERED SUBSIDIARY AND RECORDS OF LOCAL TAXING
AUTHORITY
    * K2FLY LTD -  SUSPECTS THAT A FRAUD IS LIKELY TO HAVE
OCCURRED
WITHIN SUBSIDIARY'S SOUTH AFRICAN OFFICE
    * K2FLY LTD -  SUSPECTED FRAUD MAY HAVE BEEN ONGOING FOR A
PERIOD
OF TIME
    * K2FLY LTD -  EMPLOYEE IS NO LONGER EMPLOYED BY SUBSIDIARY
    * K2FLY LTD - EXPLORING ALL OPTIONS OF FINANCIAL RECOVERY
THROUGH
INVESTIGATION PROCESS AND INSURANCE CHANNELS
    * K2FLY LTD - FINANCIAL MANAGEMENT OF SUBSIDIARY HAS BEEN
TAKEN
OVER BY AUSTRALIAN-BASED TEAM, UNDER OVERSIGHT OF COMPANY'S CFO
    * K2FLY LTD -  IT REMAINS UNCERTAIN WHETHER A INSURANCE
CLAIM
WOULD BE SUCCESSFUL

Source text for Eikon:  ID:nASX6hmdXZ 
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