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Mayfield Childcare Limited (ASX:MFD) has commissioned an independent forensic investigation following the Company's review of historical supplier payments.
The investigation identified misappropriations by a former employee of the Company, relating to funds paid for goods or services not related to childcare centres owned and operated by the Company.
The Company has engaged external legal advisers and made demand on the Former Employee; KordaMentha's investigation is expected to continue for several weeks, with the Company providing a further update if necessary.