Village Roadshow has stood down executives in its theme parks business after identifying what it has described as the misuse of company funds and deliberate misreporting of transactions to hide these activities. The entertainment giant, now owned by BGH Capital, is one of the country’s largest cinema operators and runs its biggest theme parks including Warner Bros. Movie World, Sea World and Wet’n’Wild on the Gold Coast. On Wednesday, Village Roadshow chief executive Clark Kirby told staff at least $1 million in inappropriate payments had been found “with the total amount likely to increase as the investigation continues”. It is unclear which executives have been stood down. But Village Roadshow has brought in forensic accountants and lawyers to investigate, people briefed on those inquiries who spoke on condition of anonymity said. Village Roadshow had launched its review after being told in February that executives had allowed some suppliers to charge the company more in exchange for benefits including cars and fuel cards, they added. In his note to staff, Kirby said inquiries had “identified very concerning serious conduct involving misuse of company funds and resources by current and former senior executives for their personal benefit”, pointedly adding there had been “recent changes in the … leadership”. “I was shocked to find this had occurred and grateful that it was brought to my, and the board’s attention,” Kirby said of the payments. The Village Roadshow board has yet to decide whether to refer the matter to Queensland Police, but may do so once the investigation is complete. https://www.afr.com/companies/media-and-marketing/village-roadshow-accuses-executives-of-1m-dodgy-dealings-20260401-p5zkm8?utm_source=afr-web&utm_medium=share_article&utm_campaign=companies&utm_term=product_feature