21st Nov 2019 13:31
(Alliance News) - Agriterra Ltd on Thursday said accounts have not been finalised due to investigations into the theft of money.
Early October, the agricultural investor's shares were suspended from AIM after it missed the deadline, on September 30, to publish results for its year ended March.
The firm on Thursday confirmed there were two thefts at operational level, totalling USD15,500, meaning accounts cannot be signed off. The staff involved have been dismissed, Agriterra added, and it is confident they are isolated incidents.
A further USD1,000 of petty cash was found to have gone missing, the company added.
"The company confirms that management is taking steps to improve the weighbridge system and have started implementing some of the recommendations made by the independent internal auditors," said the firm.
By George Collard; [email protected]
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