PracticeAuditSFO set for Aero Inventory accounting probe

SFO set for Aero Inventory accounting probe

Aero Inventory's accounting problems set to be delved into by the SFO

The black hole in the accounts of collapsed airline parts business
Aero
Inventory
could be the focus of an investigation by the Serious
Fraud Office.

Its board wants the SFO to look into whether there is a case to answer after
the company entered administration last month soon after it found accounting
mistakes in a Canadian contract, reports
The
Times
.

Chief executive Rupert Lewin and FD Hugh Bevan were removed from their roles
after its AIM shares were suspended on 26 October when announcing a delay in
publishing its final accounts

Administrators from KPMG were appointed to the business in November.

Business development director Colin Trupp was appointed acting chief
executive, while Swag Mukerji was appointed in charge of its financial
operations.

Mukerji is an experienced FD with roles at Priory Group and Biocompatibles
International.

Further reading:

Aero thrown into tailspin by
downturn

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