Ernst & Young Ignored China Papers Request, Court Told
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Ernst & Young Hua Ming, the Beijing-based affiliate of the accounting firm, ignored a request from Chinese authorities to produce audit papers from a withdrawn Hong Kong initial public offering application, a lawyer for the city’s regulator said in a court hearing.
The Chinese Securities Regulatory Commission, at the request of its Hong Kong counterpart, asked Hua Ming in 2010 to hand over the documents, lawyer Jat Sew Tong said in a Hong Kong court yesterday. Hua Ming declined, said Jat, who represents the Securities & Futures Commission.