#accounting-fraud

#accounting-fraud

Investors claim that, when the facade was exposed, they still hoped they could be bailed out by the £157m worth of diamonds they were told were held in stock. However, the remaining gemstones were valued at just £100,000, a BBC Panorama investigation claims. In 2021, allegedly incorrect accounting figures were published on Companies House, recording sales of more than £100m when the real sales figures that year were reportedly only £5m.