AkzoNobel subject of €53m fraud

By Kasia Patel
Published: Tuesday, 18 November 2014

The company said today that the fraud seems to be a one off incident, unrelated to any of its business activities. As immediate action has been taken and law enforcement authorities have been contacted, AkzoNobel hopes the financial effects on the business will be limited.

Dutch paints manufacturer AkzoNobel has been subject to an external fraud involving an amount of up to €53m ($66m*) at the...

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