UPDATE: Callaghan suspends R&D grant for first time, 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, the first time it's done so, 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 had received $332,966 before the grant was put on hold. Callaghan Innovation says it doesn’t disclose how much the growth grants are for or what the research and development being undertake...

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