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Five people arrested over accounting fraud at Patisserie Valerie

Monday 8th July, 2019

Five people have been arrested and questioned over alleged accounting fraud at the Patisserie Valerie chain, the Serious Fraud Office has said.

The high street café chain collapsed in January after a multi million pound gap was discovered in the firm’s accounts.

The company which had 206 outlets and 3,000 staff was bought out of administration by an Irish private equity firm, after it was put up for sale earlier this year.

Luke Johnson, Patisserie Valerie's former chairman and a columnist for The Sunday Times, was not among those arrested, according to the newspaper.

A SFO spokesman, who did not say who had been arrested or what they were detained for, said: "On Tuesday June 18, as part of a joint operation with Hertfordshire, Leicestershire and the Metropolitan police services, five individuals were arrested and interviewed in connection with the Serious Fraud Office investigation into individuals associated with Patisserie Holdings PLC."

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