Brief: Orion SA Says Employee Was Target Of A Criminal Scheme

Orion SA

12/08/2024 22:37

Aug 12 (Reuters) - Orion SA  OEC.N :
    * ORION SA -  COMPANY EMPLOYEE, WHO IS NOT A NAMED EXECUTIVE
OFFICER, WAS TARGET OF A CRIMINAL SCHEME
    * ORION SA -  CRIMINAL SCHEME RESULTED IN MULTIPLE
FRAUDULENTLY
INDUCED OUTBOUND WIRE TRANSFERS TO ACCOUNTS CONTROLLED BY
UNKNOWN THIRD PARTIES
    * ORION SA - EXPECTS TO RECORD A ONE-TIME PRE-TAX CHARGE OF
ABOUT
$60 MILLION FOR UNRECOVERED FRAUDULENT WIRE TRANSFERS

Source text for Eikon:  ID:n0000950142-24-002170 
Further company coverage:  OEC.N 

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