Anger over ‘shambolic’ phone app shares sale
by Jon Ungoed-Thomas from on (#5R2SF)
Trading suspended in South African healthcare firm's shares after police arrest two over fraud allegations
Britain's financial regulator faces criticism this weekend over the shambolic" listing on the London Stock Exchange of a healthcare company facing allegations that some of its shares were traded fraudulently.
The Financial Conduct Authority (FCA) approved Umuthi Healthcare Solutions for admission to the London Stock Exchange (LSE) in March. The company has developed a smartphone app to help medicines reach doctors in remote rural areas.
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