Pwc delays payments for partners in Hong Kong and China

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Pwc, Hong Kong and Mainland have recently delayed their payments to retirees, because the role is not audited Chinese property developer Evergrande.

Several capital partners who retired in recent months, when connecting to the partnership, they said they have to pay any of the capital they contributed.

Four of the past four companies, the partners with the past, retired months, the rest of the others said they said to the people. Recent changes will be delayed in normal schedule for payment and help protect spy money.

There is no suggestion for the longer driving to return the money, PWC has violated its obligations for the former partners regulating the firm’s shareholder.

Comes as delays Pwc Evergrande’s audits have given a healthier bill in more than ten years with financial results.

Since the collapse of the developer has been PWC Penalty RMB441mn ($ 62 mln) Mainland was banned from doing a six-month-old business by the Chinese government, which was “hidden or even worsened” in Evergrande audits.

Although Banbuk ended, PWC has lost the revenue of Chinese customers reported in the Financial Times in July. Also faces with possible claim The court documents are the liquidator of Evergrande, which can give him a saddle with significant expenditures because the abolishers can earn.

The company “needs enough liquidity,” he said recently, the retired PWC partner. Payment delays are not only those who work in Evergrande’s inspections, not applied to a large group of people.

Pwc refused to comment on this article.

The company resigned in 2023 as the auditor of Evergrande. In March last year, Beijing, the developer and his founder was exaggerated almost $ 80 billion in 2019 and 2020.

Have at least 66 PWC Chinese partners left their roles in recent monthsThe biggest walking wave of walking in five years.

When the partners came out, FT saw by FT, FT, PWC’s Hong Kong Shareholder Agreement receives their shares back their shares.

All the money can be stored in 12 months to HK 200,000 (US $ 25,640) (US $ 25,640), after 18 months from the date of termination.

Capital debt can be about 40 percent of the expenses of the partners, which is an important amount, but the main partner of the tension plan, but not two former partners, he said.

Payments can run in millions of Hong Kong dollars for some great partners, two people who are familiar with the situation, he said.

PwC struggles to save basic customers in China. Ban, in addition to Chinese rules, government groups and compilers who are listed to auditors and compartments. Customers listed in some Hong Kong also threw PWC in recent months.

The Chinese unit of the company, in the first half of last year, lost two-thirds of the accounting revenues from the mainland list previously reportedEvergrande to emphasize the scale of the enemy from audits.