Nov 28, 2016
Sports Direct accounts investigated over family links
The regulator said it was investigating the "Preparation, approval and audit of the financial statements of Sports Direct" for the most recent financial year. "These decisions follow reports of an arrangement between Sports Direct and Barlin Delivery Limited which was not disclosed as a related party in the company's financial statements," it added. Sports Direct and Mike Ashley have come under intense scrutiny this year over the way the company is run. Sports Direct, which has around 450 retail outlets, came under fire after BBC and Guardian investigations uncovered working practices at one of its warehouses which MPs later described as being akin to a Victorian workhouse. The links between Sports Direct, Barlin Delivery and John Ashley were first reported by the Financial Times.
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