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Chinese authorities have slapped 441 million yuan ($62.1 million) in penalties and imposed a six-month business suspension on PwC's auditing unit in the country, after the entity was found to have "covered up and even condoned" fraud at Evergrande Real Estate Group.

中国证监会、财政部就普华永道中国审计部门“掩盖甚至纵容”恒大地产财务造假的违法行为，处以罚款4.41亿元人民币（合6,210万美元），并暂停经营业务6个月。

The China Securities Regulatory Commission said on Friday that PwC Zhong Tian LLP had failed to exercise due diligence in its audit of Evergrande Real Estate Group, the flagship subsidiary of Evergrande Group.

13日，中国证监会表示，普华永道中天会计师事务所在对中国恒大集团旗舰子公司恒大地产集团有限公司进行审计时未勤勉尽责。

In May, the CSRC had fined the troubled real estate developer some 4.18 billion yuan for fraudulent bond issuances and false statements.

今年5月，中国证监会因其欺诈发行公司债券和虚假记载行为，对陷入困境的恒大地产处以约41.8亿元的罚款。

Based on China's Securities Law, the commission confiscated the auditing unit's revenue involved in the Evergrande case of 27.74 million yuan and fined it 297 million yuan — totaling about 325 million yuan, which, according to the commission, was a "record-breaking" punishment against auditing firms.

依据《中华人民共和国证券法》，中国证监会没收普华永道涉恒大地产案收入2774万元，罚款2.97亿元，总计约3.25亿元。中国证监会称，这是针对审计公司的“创纪录”处罚。

The Ministry of Finance also said on Friday that, in accordance with the law of certified accountants, it had decided to impose a six-month business suspension on PwC Zhong Tian and fined it 116 million yuan, while closing down its Guangzhou office.

13日，财政部也表示，依据《中华人民共和国注册会计师法》，决定对普华永道中天处以1.16亿元罚款，暂停经营业务6个月，同时撤销普华永道广州分所。

CSRC and the Finance Ministry have examined PwC's role in the Evergrande fraud, in which the developer was found to have engaged in five fraudulent bond issuances based on false statements in the annual reports of 2019 and 2020.

中国证监会和财政部已对普华永道在恒大地产欺诈案中扮演的角色进行了审查，发现恒大地产2019年、2020年的年报存在虚假记载，相关5次公司债券发行构成欺诈发行。

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