Patisserie Valerie finance director arrested

Patisserie Valerie at Resorts World

The owner of Patisserie Valerie has said its finance director Chris Marsh was arrested last night and then released on bail.

The cafe chain has been plunged into crisis after revealing on Wednesday it had uncovered “significant, and potentially fraudulent, accounting irregularities”.

Marsh had been suspended when these problems were discovered.

Yesterday, the firm said it needed “an immediate injection of capital” to continue trading in its current form.

In a brief announcement to the stock market this morning, Patisserie Holdings said: “The company has been made aware that Chris Marsh, who is currently suspended from his role as company finance director, was arrested by the police last night and has been released on bail. Further updates will be released in due course as appropriate”.

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