Colt Resources has determined that EUR500,000 it had invested in a Turkish company has been removed from the Turkish company's bank account without Colt's authorization. In 2016, Nikolas Perrault, the former President and CEO, made the decision to incorporate and invest EUR500,000 in the Turkish company, with EUR250,000 of the funds provided from Colt's cash resources and the additional EUR250,000 borrowed from a
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