The New York offices of PricewaterhouseCoopers. [Photo/Sipa] 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. The China Securities Regulatory Commission said … Continue reading PwC unit fined in Evergrande accounting fraud
Tag: fraud
Qilu Bank’s anti-fraud efforts safeguard resident’s wealth
The thank-you letter received by the Wuyingtan Branch of Qilu Bank from a customer surnamed Zhang. [Photo provided to chinadaily.com.cn] Recently, the Wuyingtan Branch of Qilu Bank in Jinan, Shandong province, received a thank-you letter from a customer surnamed Zhang, who was deeply grateful to the staff members of the branch for uncovering a case … Continue reading Qilu Bank’s anti-fraud efforts safeguard resident’s wealth