Marsal

The Alvarez & Marsal report on the chaotic discrepancies in the figures of luxury jewelry company Folli Follie appears to concern the foreign funds that have invested in Greece or are monitoring it, as well as fellow Greek listed companies, sources say. This is despite the largely anticipated outcome of the troubled company's case.

Folli Follie faces the threat of closure following the revelation of a hole of $290 million in the luxury jewelry company's cash reserves last year and $1 billion in Asia sales. These discrepancies are even greater than the most pessimistic estimates, including those by hedge fund QCM, which brought the case to light last May.