The Scottish Farmer understands that managing director Graham Burke and cashier Neil McAllan both face allegations of gross misconduct.
It is also understood that the market has suffered a six-figure financial loss involving its credit facilities for a major sheep dealer.
The chairman of Lawrie and Symington's board of directors, Michael Clark, was unavailable for comment as The Scottish Farmer went to press on Wednesday – but a company spokesman said they had been instructed by their solicitor not to make any statement with an inquiry pending.
