Greek securities regulator sues Folli's management

The Greek securities regulator said on Tuesday it filed a suit against the management of jewellery maker Folli Follie.

Folli’s shares suffered heavy losses on the Athens stock exchange in May after a report from long-short equity fund Quintessential Capital Management raised concerns over the jeweler's finances and cast doubt over the number of points of sale the company says it operates.

Shares in Folli were suspended last week. Folli said it was unable to provide financial data, according to the regulator.