Evergrande’s liquidators are seeking a judicial review of a HK$1 billion ($127.6 million) shareholder compensation arrangement tied to PwC Hong Kong.
The deal was struck in April between PwC’s Hong Kong affiliate and the Securities and Futures Commission to settle investigations into the firm’s audit work for China Evergrande.
That April regulatory action also brought a separate HK$300 million fine from Hong Kong’s Accounting and Financial Reporting Council, widening the fallout from PwC’s Evergrande audits.