Greencore has sacked its external auditors PricewaterhouseCoopers (PwC) following a €21 million fraud at its Campsie Mineral Water business in Scotland.
A review of the group’s financial controls by KPMG, who have taken over from PwC, has not identified any other problems. Greencore said the fraud was an isolated incident.
A few senior managers were sacked but of course there was no police investigation.
Same old story isn’t it all the rules are for the small fry, no rules apply to the big fish though.