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Lookers to reveal fraud investigation findings amid showroom pressure

Jun 01, 2020 - The Daily Telegraph (London)
Board and Executive Moves

CAR dealer group Lookers will this week announce the findings of an internal investigation into potential fraud unearthed at the business, as well as update on plans to overload showrooms in an attempt to strengthen its balance sheet.

In early March, the company announced it was delaying its results after discovering suspect transactions in one division.

These were related to what Lookers described as "misrepresented debtor balances in respect of bonus receivables" and "fraudulent ex...