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Evergrande Sues PwC for $8.4B
Published 5 days, 7 hours ago
Description
Evergrandes liquidators sue PwC for $8.4 billion, alleging negligence in auditing duties. PwC previously fined $166 million by Hong Kong regulators and $62 million by Chinese authorities for their role in Evergrandes audits. Evergrande, once a real estate giant, defaulted in 2021, leaving over $300 billion in debt and causing a slump in Chinas property market.
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