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08 December 2019 The on-line newspaper devoted to the world of transports 03:46 GMT+1

October 2, 2003

SembLog takes legal action against PwC India

By Lee Su Shyan

SEMBCORP Logistics (SembLog) is taking legal action against accountancy firm PriceWaterhouse & Co (India) (PwC India) in the wake of the scandal at the company's Indian subsidiary in which documents were falsified to inflate revenues.

It has dismissed PwC India, which was SembLog India's external auditor, and is not retaining the unit's internal auditors - KPMG Consulting - in Singapore. Exactly what action it will take against the latter is still being weighed up ......
Read more on The Straits Times

Vincenzo Miele

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