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Former WANdisco bosses face demands to repay bonuses

WANdisco bonsues
Image credit: T. Schneider / Shutterstock

Two former executives of WANdisco are facing demands from the embattled data company to repay bonuses totalling nearly £650,000.

David Richards, WANdisco’s co-founder and former CEO, and Erik Miller, the company’s ex-finance chief, have been asked by the board to return the $832,000 (£647,000) bonus awarded last year, Sky News reported.

The pair stepped down in April. WANdisco said the resignations were unrelated to the fraud scandal that has rocked the Sheffield-headquartered company.

An internal investigation found the company may have fraudulently misrepresented its revenue by $15m (£12m), while $115m in sales bookings have been written off as false.

This led to WANdisco suspending its shares from trading on the London AIM market in March and a probe from the financial regulator....