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View Full Version : Puma takes a €115m hit over 'Greek fraud' - Independent



FraudNews
10-25-2010, 11:21 PM
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Greek Reporter (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHHVDcCigPHbFdHqH4HJL-3Bl6VCw&url=http://eu.greekreporter.com/2010/10/25/puma-finds-fraud-at-greek-jv-sees-writedowns/)
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Puma takes a €115m hit over &#39;Greek fraud&#39; (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGaq2JHgAYO3RpbTEJpADzwcN7c0Q&url=http://www.independent.co.uk/news/business/news/puma-takes-a-8364115m-hit-over-greek-fraud-2116377.html)
Independent
... and footwear chain Puma is to write off up to €115m (£103m) after it unearthed what it believes to be "systematic" fraud at its joint venture in Greece. ...
UPDATE 1-Puma finds fraud at Greek JV; sees writedowns (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGpSApVNfT8kWTZksk_9fcBUXTknw&url=http://www.reuters.com/article/idUSLDE69O0C420101025)Reuters
Puma writes off $115 mln on suspected Greek fraud (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH7PIPr9ywMVh1L4IGbrWi3bi6j5w&url=http://www.google.com/hostednews/afp/article/ALeqM5gbYJTA_C3qiJoRpz1rCdwfAiIo3w?docId%3DCNG.449 ae56d867b805c31891e9a811d100e.11)AFP
Puma finds fraud at Greek JV; sees writedowns (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGP__QR3-gjRWYNvxGcOr6PO6OigQ&url=http://www.moneycontrol.com/news/world-news/puma-finds-fraud-at-greek-jv-sees-writedowns_493872.html)Moneycontrol.com

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