Dividends frozen as fraud office, regulators probe ASX-listed Intueri
Intueri Education Group has suspended dividend payments to shareholders as it battles a raft of problems including an investigation by the Serious Fraud Office in New Zealand into one of its colleges and a cutback on funding by authorities.
Intueri, which is listed on both the Australia and New Zealand stock exchanges, had previously been able to steer clear of the serious difficulties being experienced by listed rivals such as Vocation and Australian Careers Network, who've run headlong into problems as regulators and authorities questioned the quality and practices of their education operations.
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