Cokal warns of possible fraud

Coal miner Cokal has flagged possible financial irregularities and fraudulent activities that could have impacted the company’s financial statements for the 2018 financial year.

The ASX-listed miner on Friday said that the company’s board was currently investigating the irregularities and activities, which concern Cokals CFO and seven employees having received monies from a supplier of barging services to the company in Indonesia.