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DELOITTE FACES DOUBLE TROUBLE IN CHINA.
Publication: AsiaPulse News Publication Date: 31-MAR-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
BEIJING, March 31 Asia Pulse - Accounting firm Deloitte, facing a lawsuit in Shanghai and administrative hearing in Beijing over its alleged failure to alert investors to a client's worrisome finances, may be in for a double dose of pressure next week.
A source close to the China Securities Regulatory Commission (CSRC) revealed that it would likely hold an administrative hearing on April 7 to investigate the firm's role in a 2005 scandal involving Chinese refrigerator maker Guangdong Kelon Electrical Holdings Co, a former Deloitte client.
At...
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