Grant Thornton Hong Kong and the accountant’s international network face potentially damaging fresh claims over an alleged multi-million dollar fraud committed by a former managing partner in the city. According to allegations in a new writ filed in Hong Kong last Friday, Grant Thornton HK and Grant Thornton International are “vicariously liable” for a $10.3m fraud allegedly committed by Gabriel Azedo, whose whereabouts are unknown. The writs may test the international structure of accountancy firms, which have sought to ringfence local operations.

This entry was posted by Gwen Robinson on Tuesday, November 24th, 2009 at 4:25 and is filed under Capital markets, People. Tagged with grant thornton. Edit this entry.