Brief: Orchard Funding Makes Provision For Fraudulent Credit Agreements

Orchard Funding

01/03/2024 07:30

March 1 (Reuters) - Orchard Funding Group PLC  ORCH.L :
    * ORCHARD FUNDING GRP  - TRADING UPDATE
    * ORCHARD FUNDING GROUP PLC - HAS SUFFERED AN INSTANCE OF
FRAUD
    * ORCHARD FUNDING GROUP PLC - MADE A PROVISION OF
APPROXIMATELY
£500K IN RESPECT OF THESE FRAUDULENT CREDIT AGREEMENTS
    * ORCHARD FUNDING GROUP PLC - PROVISION MADE WILL HAVE A
KNOCK-ON
IMPACT ON GROUP'S YEAR-END FINANCIALS

Source text for Eikon:  ID:nRSA0657Fa 
Further company coverage:  ORCH.L 

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