1st Mar 2024 11:57
Orchard Funding Group PLC - Luton-based finance group specialising in insurance premium finance - Says it has suffered an instance of fraud arising from dealings with a "fraudulent introducer". Orchard says that fraudulent credit agreements were funded by the company as a result, and has made a provision of around GBP500,000 in respect of these agreements. The company warns that its year-end financials will be hit by the provision, which Orchard says represents its total exposure to the fraudulent credit agreements. Read More