As liquidators take over the debt-ridden property giant, which owes more than $300bn to banks and bondholders, critics now question who should take responsibility for Evergrande’s downfall.
According to claims in anonymous letter shared on Chinese social media platform WeChat last week, questions surround the role of Evergrande’s former auditor: PwC.
The open letter, which purports to have been signed by unnamed PwC partners, claimed the professional services firm “turned a blind eye” while auditing Evergrande for more than a decade.
If the big, planned, government supported, state thing – and the Chinese property market was that, even if done by privately owned firms – goes tits up then it can’t be the government, nor the plan, that was wrong. Must be the capitalist lackeys, right?
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