Texas Petrochemicals, Inc. has commenced an internal investigation into certain payments from accounts of the Company which appear to have been improperly authorized. The payments in question were reflected as operating expenses in the Company's accounting records during the periods in which they were made and, therefore, were reflected in the Company's earnings and EBITDA for those periods.
For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10864&P=P
Sunday, September 16, 2007
Texas Petrochemicals suspects fraud : to commence internal investigation
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