Hard questions at troubled Phosphagenics

The biotech company misappropriated $5.7 million involving its chief executive for over eight years.

The outcome to the investigation by Phosphagenics (POH) into alleged fraud involving its former chief executive, Esra Ogru, has raised more questions than answers.

The biotech claims that Ogru and another recently dismissed employee had misappropriated $5.7 million from the company over the past eight years.


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