Callaghan Innovation suspends Trends Publishing R&D grant, SFO informed

Wed, 17 Dec 2014

By Fiona Rotherham Dec. 17 (BusinessDesk) - Callaghan Innovation has suspended a research and development growth grant to Trends Publishing International Ltd following an audit of its funding claims and referred the matter to the Serious Fraud Office. Trends got approval for a three-year Growth Grant in March this year and received $332,966 before the grant was put on hold. Callaghan Innovation says it doesn’t disclose how much the growth grants are for commercial reasons but there is a cap of $5 million each year. Concerns about the l...

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