Patisserie Valerie False Accounting Investigation
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Date posted: 14 Feb 2024
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Crown Court
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Case start date
10 Oct 2018
Significance
Significant
Case study summary
Our client is the former FD of collapsed bakery chain Patisserie Valerie, which went into liquidation with a loss of £450m. The case is being prosecuted by the UK's Serious Fraud Office (SFO).
Case study
Our client is the former FD of collapsed bakery chain Patisserie Valerie which went into administration in 2019. Share trading was suspended with a loss to shareholders of £450m. This is the biggest false accounting conspiracy in the modern era. The scandal was a major blow to pension funds, and affected the worldwide standing of auditors Grant Thornton. Celebrity CEO and Sunday Times business columnist Luke Johnson distanced himself from the collapse, and has avoided charge.
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Joseph Kotrie-Monson
Director
Joseph advises in serious crime, fraud and regulatory cases nationally and internationally. He is listed in the Chambers and Partners legal directory under Band 1 for Financial Crime and edits the textbook Cyber Crime Law & Practice.
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