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Healthcare Locums suspends its founder and FD

Kate Bleasdale, the colourful entrepreneur who won a record sexual harassment case, has been suspended from the medical recruitment company she set up.

Healthcare Locums suspended executive vice-chairman Bleasdale and finance director Diane Jarvis on Tuesday amid allegations of “serious accounting irregularities”. The company also suspended its shares and warned financial performance for 2010 could be materially below expectations.

Although the company would not give details, the investigation is expected to look back to March 2010 when Healthcare Locums’ shares plunged 30% after it restated the prior year’s accounts. With Bleasdale at its head, Healthcare Locums has been one of the most closely followed companies on the Aim market. A steady stream of acquisitions pushed the shares up from 127p at the start of 2009 to 282p a year later. Since then they have fallen back to 112½p, where they were suspended.

Read more in the Telegraph.

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