Ottoman Fund unauthorised expense payments

The Ottoman Fund Limited has announced that it has discovered unauthorised expense payments that have seem to have been made from its Turkish subsidiaries. These total less than $2m it believes. It has appointed a firm of forensic accountants to look into the matter and says it is consulting advisers to see if it can recover any amounts paid.

OTM : Ottoman Fund unauthorised expense payments

James Carthew
Written By James Carthew

Head of Investment Company Research

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