K2FLY has confirmed a former employee of its South Africa-based subsidiary misappropriated $840,000 that was earmarked for SA's taxation authority, with the suspected fraud believed to have been ongoing for some time.
South Africa police are investigating
K2fly informed the Australian Securities Exchange in late-February of the fraud, which was first uncovered when two suspicious payments totalling $745,000 were made to two unidentified accounts by someone...
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