Food processor and A2 milk competitor in Australia, Freedom Foods under investigation after alleged accounting scandals. See story here.
"Freedom reported, in October last year, that it earned a full-year profit of $11.6 million. But that figure has now been "restated" as a $145.8 million loss.
The cereal business also confessed its losses had since widened to $174.5 million in the last financial year (ending June 30, 2020)."