PracticeAuditJewson fires sales director after alleged £1m fraud

Jewson fires sales director after alleged £1m fraud

Building materials retailer Jewson has fired it sales director on suspicion of £1m fraud

After the internal audit department of UK’s leading building materials
retailer
Jewson
raised the alarm three weeks ago, police arrested Tony Newman, sales director,
on suspicion of £1m fraud,.

However, no charges have been brought against Newman and Jewson said it was
assisting the police with its continuing investigation, Director of Fincance
Online
reports.

The retailer confirmed in a statement its accountants reported irregularities
relating to a possibly fraudulent supply and procurement of marketing services.

Jewson said Newman, who was based at the company’s head office in Binley,
Coventry, was dismissed on April 18 together with an unnamed member of staff who
had been with the company for less than two weeks.

Further reading:

Read
the Director of Finance Online story

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