Luthori

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Catherine Shelby, CEO of Luthori's N°2 Auto Corp arrested on embezzlement charges. 
November 5714

Shocking news coming out of Fort William tonight. Olyster-Rohan Company CEO, Catherine Shelby has just been arrested at the Lucky Treasure Casino. According to the Fort William Metropolitan Police, Mrs. Shelby was arrested on embezzlement suspicions – according to the official statement from police sources, Mrs. Shelby embezzled around £4.5 millions in company funds for her own personal expenses. 

These serious crimes were revealed following an internal audit which revealed a serious gap in around £4.5 millions, which was widely believed to be due to misappropriated funds – the company’s board of directors immediately launched an internal investigation, which concluded that Mrs. Shelby, alongside some others purposefully misappropriated corporate funds for their own benefit. 

Today, Mrs. Shelby was arrested by the Metropolitan Police and faces embezzlement and fraud charges being pressed against her. 

Mrs. Catherine Shelby’s rise to prominence was fast and impressive, one of the youngest executives in the company’s entire history, coming into office at 43. Immediately hailed as one of the “rising stars of Luthorian business world” - following her appointment as CEO, her arrival as chief executive sparked the reignitatement of the company’s PR – as her appointment was shown as the symbol of a new era, one of success, growth and expansion, according to her own words. 

Unfortunately, ever since Mrs. Shelby was appointed 5 years ago, it seems that the honeymoon period came crashing down on her, with low sales, declining advertisement quality causing low public reviews on new products, unimpressive new products being released, with the quality being mediocre – at best, according to many, Olyster-Rohan Motors was slipping further and further from its main rivals at the Alchester Motor Company. 

This failure in leadership, and her seeming inability to turn things around, as she previously promised placed her at odds with the board of directors and investors. Coupled to this inability was her own personal behaviour, which was worsening day by day. Mrs. Shelby was reported to be more interested in “trivial pleasures” according to one collaborator than about her actual job. 

According to elements from the police, when arrested Mrs. Shelby was found in a private corner of the casino complex – in a VIP section. The casino’s chief stated that she was “granted” that privilege due to her “lengthy and repetitive” visits. It was later revealed by police sources, that according to preliminary inquiries, she had spent over £23 millions in this casino, an astonishingly high number that also drew their attention. 

According to Metropolitan Police chief, Sir Geoffrey Maximal, the charges pressed against Mrs. Shelby are “absolutely damming” - he stated the police continued its investigations as of now. He vowed to “enlightened the public with verified facts only” as the police continues its investigation. 

Mrs. Shelby has rejected journalists’ advance for a reaction following her arrest – with her lawyer, Mr. Joe Bather stating that his clients “denied any wrongdoings in her tenure as CEO of Olyster-Rohan and strongly rejects the charges brought against her.” Even with this defiant tone, it seems that her fate has already been sealed, as Olyster-Rohan's board of directors is expected to assemble to strip her from her powers and responsibilities as CEO of Olyster-Rohan. 

Deputy CEO Ted Chevalier has stated the internal investigation shall be “carried on” to find “potential accomplices” in her misdemeanour. Mr. Chevalier is widely expected to become Olyster-Rohan's acting CEO until a new one gets appointed. 

The company’s stocks at the Fort William Stock Exchanges plummeted. Reports stated the company’s stock value fell by –10.21% in merely a day, revealing increase investor panic in relation to the scandal.