SOUTH Africa's SPAR Group said it agreed with its auditors that a reportable irregularity concerning an alleged fictitious and fraudulent loan had occurred at the grocery retailer. Local online newspapers Business Day, News24 and news magazine Financial Mail have been reporting various allegations of fraudulent and fictitious loans and racial bias brought by independent retailers who use the SPAR brand. In December SPAR denied that the financial allegations were symptomatic of "dodgy" accounting or that it discriminated against some of its retailers based on race or store location. "Over the past month, SPAR and the external auditors have conducted investigations into…