29th Mar 2007 07:03
DSG International PLC29 March 2007 PR 39/07 Strictly embargoed For immediate release on 29 March 2007 DSG international plc FRAUDULENT ACTIVITY IN PARIS WAREHOUSE DSG international has identified, through its internal control and securityprocesses, a significant fraud operation and issues with controls within thewarehouse operations of Fotovista. French police are investigating and severaloperatives at the warehouse and external individuals have been arrested. Management has reacted promptly to this isolated incident, and is confident thatthe immediate issues have been resolved. Appropriate control procedures arebeing deployed to prevent recurrence. While investigations continue toestablish the overall effect of these issues, including any short-term impact ontrading, the Group currently anticipates that the financial impact of theseissues will offset the expected profit contribution of the New BusinessesDivision to the Group in the current financial year only. Copies of this announcement will be available on DSG international's websitewww.dsgiplc.com, where further information on the group is also available. - ENDS - For further information: David Lloyd-Seed Group Director of Investor Relations 01727 205065Hamish Thompson Director of Media Relations 01727 203195 Maylands AvenueHemel HempsteadHertfordshireHP2 7TG This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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