Mystery surrounds the suspension of Goldsmiths’ founder and executive chairman Jurek Piasecki following a boardroom dispute. Piasecki has headed private jewellers Goldsmiths for 25 years and is a 15 per cent shareholder in the group, which is owned by major stakeholder Baugur

Icelandic investment firm Baugur bought Goldsmiths for£110 million in 2004.

Corporate forensic accountants Kroll has been drafted in to examine the jewellery retailer’s books, following Piasecki’s suspension. Kroll declined to comment.

However, a source close to Piasecki claimed any allegations of wrongdoing would be “absurd” and added that “Kroll is trying to find something on Jurek, but it won’t. He wouldn’t do anything inappropriate.”

A Baugur spokesman refused to comment on developments, but said: “Goldsmiths continues to trade well and is well-positioned for the Christmas period. Baugur remains truly supportive and behind the business.”