..EML slumped 16% , and earlier hit 52 week low. The negative...

..EML slumped 16% , and earlier hit 52 week low. The negative vibes were there...

EML flags up to $7.9m loss from fraud within direct debit business

Cecile Lefort
EML Payments flagged a maximum loss of €5.5 million ($7.9 million) from fraudulent activity within its direct debit processing business. The company is investigating the circumstances surrounding the fraud which primarily occurred this month. It has started steps to recover losses.