Keller hit by multi-million pound fraud at Australia business

By Dave Rogers2023-01-09T11:06:00

Two people fired for role in “sophisticated” fraud which saw operating profit overstated by millions

A “sophisticated” fraud at Keller’s Australia business in which operating profit was exaggerated by as much as £18m over several years has seen two directors fired and the firm admit the amount of money it will make last year be less than thought.

In an update this morning, the ground engineer said: “Following an internal management operational review, it has recently identified an apparently deliberate and sophisticated financial reporting fraud discrete to the Austral business in Australia, a business unit within the AMEA division.”

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