March 9 (Reuters) - London-listed WANdisco launched an investigation and requested for its shares to be
suspended after discovering "significant, sophisticated and
potentially fraudulent irregularities" by an employee, prompting
significant going concern issues, the data activation platform
said on Thursday.
The company said the irregularities will significantly hit
its cash position and now projects fiscal 2022 revenue to be as
low as $9 million and not $24 million as previously reported.
(Reporting by Prerna Bedi in Bengaluru; Editing by Dhanya Ann
Thoppil)
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