Police are investigating alleged “financial irregularities” within the headquarters of a world-renowned beef brand.
The Aberdeen-Angus Cattle Society has endured a period of recent turmoil, with a number of its senior figures and board members resigning last year.
Now the society, whose patron is HRH Prince Charles, is faced with a probe into its operation.
The allegations are said to be “historic” and inquiries “at an early stage”.
The society recently appointed Barrie Turner as chief executive, replacing Johnny Mackey following his resignation in February 2017.
Mr Turner, who is based at the society’s headquarters in Perth, said last night: “We are working with the police and doing everything we can to bring this to a conclusion.
“We are supplying the police with any information they have requested
“It’s something that I have inherited and the allegations go a wee while back.
“I really can’t say any more than that at this time.”
The allegations were also confirmed by Aberdeenshire-based society president Angela MacGregor who added: “The allegations are all historic.”
Ms MacGregor runs the Newcairnie herd at Auchenhuive, as well as the Hattoncrook Farm Deli at Whiterashes, near Newmachar.
She recently stepped up from the role of society senior vice-president, replacing Alex Sanger of Rosemount Farms, Prettycur Farm, Montrose.
The society lost many senior figures last year including Mr MacKey and communications manager Chrissie Long, along with three other board members.
John Tait, of Rostellan, County Cork; Andrew Elliot, of Blackhaugh, Galashiels and Giles Lane, of the Old Farmhouse, Lockerbie all resigned.
The premium priced beef breed has built an iconic brand image and the society prides itself on being a “pioneer” of the industry and “leading by example”.
The current society membership stands at about 2,500 people across the UK, Ireland and Europe.
A spokesman for Police Scotland last night confirmed the investigation was underway and said: “We have received a report in relation to alleged financial irregularities at the Aberdeen-Angus Cattle Society.
“Inquiries are at an early stage and are ongoing.”