Executives at Jimmy Lai’s Hong Kong media firm challenge accountants BDO over company’s liquidation

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 45 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 185%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

Lai is a vocal critic of China’s Communist Party and is on trial on national security charges that could result in a life sentence.

have accused global accounting firm BDO of breaking international rules by helping the city’s government liquidate the company, which was run by the jailed tycoon Jimmy Lai.

As he fights the national security case, Lai is in jail on other charges, including a conviction for unauthorised assembly. The BDO case spotlights political risks for businesses and listed corporations under Beijing’s national security clampdown in Hong Kong. Once such a complaint has been made, all parties are asked to respond to the allegations before a decision is made by the British government on whether to take the complaint to arbitration. At the end of the process, a report is published.

Chan’s reply, headed “Office of the Inspector of Next Digital Limited", listed an address one floor below BDO’s Hong Kong headquarters. A Reuters visit to the building confirmed an office in a single room with a plaque and door sign bearing the same name. BDO’s corporate responsibility efforts include “building human and social capital", according to its website.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More than 90 company executives endorse Harris for US presidentMore than 90 company executives, including the chief executives of Yelp and Chobani as well as the former CEOs of PepsiCo, Ford Motor Co and Yahoo!, endorsed...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »