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Gowex goes bankrupt after CEO admits falsifying accounts

Monday 7 July 2014 | 08:12 CET | News
Spanish wireless internet services provider Gowex is to file for bankruptcy after its CEO and founder Jenaro Garcia admitted that he had falsified the company's accounts for at least the past four years. "I made a voluntary confession in court. I want to collaborate with justice. I will face the consequences," said Garcia on Twitter, having earlier posted "I ask everyone for forgiveness. I am deeply sorry." In a statement to Spain's stock market regulator CNMV, the board of Gowex said it had accepted Garcia's resignation and that in anticipation it would be unlikely to be able to meet debt

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: Gowex
Countries: Spain
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