Evergrande liquidators seek 8.4 billion dollars from PwC
Evergrande liquidators seek 8.4 billion dollars from PwC for alleged audit negligence. The claim follows regulatory fines against the auditor in Greater China.
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Evergrande liquidators are seeking $8.4 billion in damages from PwC over allegations of negligent auditing. The claim follows record fines against PwC in China and Hong Kong for failing to detect falsified revenue. Regulators found the auditor condoned revenue inflation and falsified bond statements at the developer.
