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16 Mar 2009
Ernst & Young administrators have found a ruby, cited as the Gem of Tanzania, reportedly worth £11m on the books of Wrekin Constructions, the building firm which collapsed last week costing 400 staff their jobs.
E&Y is unclear why the gem was bought by the company's directors.
The firm said it was 'too early to comment' on the gem's history of ownership or reports that it was bought to inflate the value of Wrekin's assets, the Guardian reported.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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