Patisserie Valerie Accounting Fraud: Four Plead Not Guilty – Bloomberg

Four people charged with fraud over the Patisserie Valerie accounting scandal that brought down the 90-year-old high-street bakery chain pleaded not guilty.

The Serious Fraud Office charged former chief financial officer of Patisserie Holdings Christopher Marsh, his wife Louise, financial controller Pritesh Mistry and consultant Nileshkumar Lad with inflating the cash in the firm’s balance sheets between 2015 and 2018.

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The group collapsed into insolvency in 2019 after a forensic investigation revealed thousands of false entries in its accounts, which resulted in hundreds of employees losing their jobs. Once listed Patisserie Holdings, previously owned in part by British restaurant entrepreneur Luke Johnson, had a market value of £446 million ($558 million) before it was suspended.

Source: Patisserie Valerie Accounting Fraud: Four Plead Not Guilty – Bloomberg