Unqualified audit report for 2024 and for 202319 Jun 2024 11:17
Grant Thornton has given Victoria a clean, unqualified audit report for 2024 and, amazingly, has reversed the qualification in their 2023 audit report. They have specifically stated that they are now satisfied that there was never any financial misconduct at Hanover, all monies due to Victoria were received, no money is unaccounted for.
So all the shorter-driven hoopla in these chat rooms and in the mainstream media claiming financial misconduct at Hanover (a subsidiary of less than 1.25% of Victoria’s group revenue) has now been debunked.
Scandal sells newspapers and various mainstream media publications, notably The Times and The Financial Times, milked the story for all it was worth printing scandalous articles about Victoria on the front pages of their business sections with sensational headlines, using words like “fraud” and even “terrorism”, with catastrophic consequences for Victoria shareholders.
It will be interesting to see if the editors of those publications have the moral fortitude to print an equally sensational apology on the front pages of their business sections now that it is categorically clear that the story was all complete nonsense.