December 30, 2019 / 7:19 AM / a month ago

EssilorLuxottica discovers fraud at plant in Thailand

PARIS, Dec 30 (Reuters) - EssilorLuxottica said on Monday that its subsidiary Essilor International had discovered fraudulent financial activity at a plant in Thailand.

The group, which was formed last year from the merger of French lens maker Essilor and Italian eyewear group Luxottica, also said in a statement that the financial impact from the suspected fraud is estimated to be of a maximum of 190 million euros ($212.80 million) before insurance. ($1 = 0.8929 euros) (Reporting by Sudip Kar-Gupta; Writing by Matthieu Protard and Louise Heavens)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below