Atlantic Sapphire under scrutiny for accounting irregularities related to breach of covenant on $50 million loan

Authorities say the group wrongly classified a $50 million loan in its first-half earnings.

Atlantic Sapphire CEO Johan Andreassen said his company should have disclosed to investors that it breached lending covenants earlier this year. — Atlantic Sapphire CEO Johan Andreassen said his company should have disclosed to investors that it breached lending covenants earlier this year.Photo: Lola Navarro / IntraFish

Published 10 December 2021, 22:10Updated 13 December 2021, 21:13

Land-based salmon Atlantic Sapphire Johan Andreassen Recirculating Aquaculture Systems (RAS)Farmed salmon