SFO drops probe into Intueri's defunct Quantum unit

Tue, 11 Apr 2017

By Jonathan Underhill April 12 (BusinessDesk) - Intueri Education Group says the Serious Fraud Office has ended its investigation into the unprofitable company's defunct Quantum Education Group and won't take further action. The SFO had been looking into enrolments at Quantum, which is still under investigation by the Tertiary Education Commission. Intueri said it has until May 12 to respond to the TEC's draft investigation report. Intueri's 2014 initial public offering at $2.35 a share allowed vendor Arowana International to net about...

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