ALLEGATIONS of ''mis-statements'' in Pam & Frank International's offer document and interim report are being investigated. In an unusual statement, chairman Frank Yeung Kai-fai last night said the Securities and Futures Commission (SFC) had told the company of the allegations, made anonymously. The SFC had not been able to contact or locate the person who had made the allegations, he said. Sources said the person was a former accounting officer with the company and that the allegation related to accounting matters. They said the Commercial Crime Bureau was looking into the case. Mr Yeung said the matter was related to the company's prospectus dated September 1, 1992, and the interim result announced on January 6 this year. He said the board believed that the person was a former employee and was wanted by the Hongkong police in connection with a criminal investigation. The allegations related to significant amounts, and if substantiated, could adversely affect the published results and financial position of the company, Mr Yeung said. The statement said Standard Chartered Asia, the company's listing sponsor, would look into the allegations and prepare a report for the stock exchange. However, the board of Pam and Frank said that the allegations were ''unfounded and without merits''.