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Cryptoknowmics
2022-10-13 07:55:38

UK Subsidiary Shareholder Accuses Binance of Filing Inaccurate Financials

UK Subsidiary Shareholder Accuses Binance of Filing Inaccurate Financials

The co-owner of Dimplex, a Binance UK subsidiary, has accused the biggest cryptocurrency exchange in the world of releasing a “grossly misleading” annual report in 2020. The directors of Dimplex claimed that financial statements for one of Binance’s UK subsidiaries “do not appropriately disclose” the nature of the company’s operations or its assets, obligations, “including potential tax liabilities,” and revenue. Binance UK Subsidiary Dimplex claimed in filings this month it was established in 2019 as a component of a joint venture with Binance. It raises concerns about the part UK businesses played in Binance’s international activities before receiving a warning The post UK Subsidiary Shareholder Accuses Binance of Filing Inaccurate Financials appeared first on Cryptoknowmics-Crypto News and Media Platform.

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