Phosphagenics chief stood down over accounting irregularities

Biotech group Phosphagenics is in crisis after announcing an investigation into its chief executive over "accounting irregularities".

Biotech company Phosphagenics (POH) has shocked the market with news that its chief executive, Esra Ogru, has been relieved of her duties pending an investigation into accounting irregularities.

The company is tight lipped about the affair as it is still investigating the allegations, although a spokesperson for POH said there was no risk to the financial health of the company.


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