TAXIS boss Stephen Flynn has been suspended from his post amid an ongoing inquiry into the organisation’s finances.

It is understood the inquiry into the matter concerning the Chairman of Glasgow Taxis relates to an issue regarding around £10,000 of advance wages, which came to light recently.

However, the Evening Times also understands the money has now been paid back in full.

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According to insiders, the incident has not been reported to police.

A spokesman for the Crown Office and Procurator Fiscal Service said there was no ongoing investigation into Mr Flynn.

Glasgow Taxis Ltd is believed to be dealing with the issue internally.

A spokesman for the Glasgow Taxis confirmed that Mr Flynn has been suspended and that an investigation is currently under way.

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The spokesman added: “As this is a live process involving one of our members it would not be appropriate to comment at this time.”

One taxi driver, who asked not to be named, said: “Stephen Flynn is a well-kent face in Glasgow and this has come as a shock to people in the taxi industry so I’m sure it will be to passengers as well.

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“He’s a popular guy and pretty well liked so any investigation like this is surprising.

“The AGM is on Monday night and questions are going to be asked."

The Glasgow Taxis Ltd AGM (Annual General Meeting) will be held at the Crowne Plaza Hotel at 7pm on Monday.

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It is understood Mr Flynn is still a board member and so should attend the meeting.

Another driver said: “It’s a bit of a talking point going around the ranks in Glasgow at the moment.”