SINGAPORE – Catalist-listed Food Innovators reported on Nov 9 that an employee might have misappropriated $35,000 from a wholly owned subsidiary and $324,000 from two clients.
In a bourse filing, the group said it has been alerted to a potential embezzlement of funds belonging to its unit F Innovators Singapore and two unidentified companies that this subsidiary provides services to.
Food Innovators did not provide the name or position of the employee.
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