Fraud investigation at First Direct Arena firm
POLICE are investigating an allegation of fraud at SMG Europe, the operator of the First Direct Arena in Leeds city centre.
A spokesman for Greater Manchester Police said the fraud allegation was made last October and enquiries are ongoing.
Manchester-based SMG Europe, which is a subsidiary of US venue specialist SMG, operates arenas in Poland and Germany, as well as in York, Manchester, Newcastle, Belfast and Scunthorpe.
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Hide AdThe company’s 2014 accounts published last week highlighted an “incredible first year” for its Leeds venue as the group grew revenue by 3.7 per cent to £45.2m.
A Greater Manchester Police spokesman said: “On 15 October 2014, police received an allegation of fraud. An investigation has been launched and enquiries are ongoing.”
No-one from SMG Europe was available for comment.