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GreekReporter.com Business Folli Follie Assets to be Frozen as Investigation Continues

Folli Follie Assets to be Frozen as Investigation Continues


As investigations into possible fraud and wrongdoing continues, a Greek financial prosecutor has ordered all the assets belonging to a Folli Follie chartered accountant, along with the assets of an executive in the company’s Hong Kong subsidiary, to be frozen.
Giannis Dragatsis, the prosecutor who ordered the freeze, based his decision in falsified data that came from Asia which was approved by the company’s accountants.
Folli Follie, a Greek-based international brand that designs, manufactures and distributes luxury jewelry, fashion accessories and watches, has recently faced increasing difficulties. The company’s troubles began in May 2018, when Quintessential Capital Management said that it did not consider the company’s financial statements trustworthy.

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