The founders of Wandisco saw more than £50million wiped off their paper wealth after the software group’s shares returned to trading after a four-month suspension.
In March the company uncovered ‘significant, sophisticated and potentially fraudulent irregularities’ regarding revenue and sales bookings last year.
Wandisco then warned its revenue for 2022 could be as low as £7million rather than £19million.
As a result, shares were suspended while the group launched a probe into the matter.
Wandisco shares crashed 96% as they