Patisserie Valerie investors criticize the investigation over 40 million pounds of financial black hole and ask the boss to cut the stake
City & Finance reporter for the Daily Mail
Patisserie Valerie Chef Luke Johnson
Big investors in Patisserie Valerie are putting pressure on Chief Luke Johnson to hand over control of an internal investigation into a $ 40 million black hole in his accounts.
Shareholders are concerned that the investigation has not been sufficiently independent with Johnson, chairman of Patisserie Holdings parent company.
Invesco has instructed the entrepreneur to hand over the investigation to a law firm or an independent investigative firm.
Crisis-swept patisserie Valerie was saved from collapse earlier this month after Johnson (56) (pictured) teamed with investors to provide cash for the firm.
His stocks were frozen after the surprising debt pile and potential fraud had been exposed.
Suspended Finance Director Chris Marsh, 44, was arrested shortly after the suspicion of fraud. He has since been rescued.
Patisserie Valerie declined to comment.
The troubled patisserie Valerie was saved from collapse earlier this month after Johnson, 56, joined forces with investors to provide cash for the firm