Moshen hires insolvency firm

Marion Dakers
CHRIS Akers’ investment group Concha yesterday said its investee company, app developer Moshen, has hired insolvency practitioners to find out what value, if any, remains in the firm.

Concha, which on Tuesday revealed financial irregularities at Moshen, also said it was consulting with lawyers about recovering some of the £867,000 it has poured into the business since becoming an investor last year.

Moshen’s chief executive was suspended last week pending the outcome of an investigation. Shares in Concha fell eight per cent to 0.23p yesterday.