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Patisserie Valerie discovers black hole in accounts
Patisserie Valerie has discovered "significant, and potentially fraudulent, accounting irregularities" in its accounts.
As a result, it said "there is potential material mis-statement of the company's accounts".
"This has significantly impacted the Company's cash position and may lead to a material change in its overall financial position," it said.
Patisserie Valerie has asked for its shares to be temporarily suspended from trading while it deals with the problem.
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