Crime hurts K2fly's South African subsidiary

K2FLY has confirmed a former employee of its South Africa-based subsidiary misappropriated $840,000 that was earmarked for SA’s taxation authority, with the suspected fraud believed to have been ongoing for some time.

Crime hurts K2fly's South African subsidiary Crime hurts K2fly's South African subsidiary Crime hurts K2fly's South African subsidiary Crime hurts K2fly's South African subsidiary Crime hurts K2fly's South African subsidiary

South Africa police are investigating

K2fly informed the Australian Securities Exchange in late-February of the fraud, which was first uncovered when two suspicious payments totalling $745,000 were made to two unidentified accounts by