Hong Kong Media: China Evergrande's Liquidators Seek Massive Compensation from PwC
NQ Score
96/100
AI Summary (NQ-processed)
According to Hong Kong media reports, the liquidators of the collapsed Chinese real estate giant Evergrande Group have sued its former auditor, PricewaterhouseCoopers (PwC), in a Hong Kong court, seeking a staggering 57 billion RMB (approx. 256.5 billion NTD) in damages for gross negligence in its audits. PwC is accused of failing to detect, or even assisting in, Evergrande's massive overstatement of revenue.
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