Deloitte Touche Tohmatsu (HK)

Winding up of Nerico Brothers Ltd
HK Court of First Instance, 19-May-2022
The petitioner, Target Insurance Co Ltd, is owed over US$154m (HK$1203m). The petitioner is owned by Target Insurance (Holdings) Ltd (6161), the shares of which have been suspended from trading since 5-Jan-2022. The amount represents about 188% of the group's net assets at 30-Jun-2021. Nerico says it has been trying to recover the money from "Four Dimensions Global Strategy Fund".
Deloitte partner Jacqueline Chow Tsz Ki fined for non-compliance with professional standards
HKICPA, 13-May-2022
SFC obtains DQ against Duncan Chiu Tat Kun & Michael Lui Hung Kwong of Far East Holdings International Ltd (0036)Judgment
SFC, 9-Feb-2021
It's quite amazing that Duncan Chiu has been allowed to carry on as a government-appointed director of the Cyberport and Hospital Authority. Also notable that Mr Fong Hup of Deloitte gave a clean audit on the 2007 accounts after learning of the situation. Duncan Chiu now accepts that the accounts were misleading by omission and this amounted to misconduct. The INEDs, as Audit Committee, also signed off. The 2 respondents, along with late Chairman Deacon Chiu's assistant Wendy Yung Kim Bing, were acquitted in 2012 of criminal fraud charges relating to the same loan.
Deloitte and 3 partners fined over 2010-2013 audits of China Vision Media (1060, now Alibaba Pictures)
HKICPA, 15-Apr-2019
HKICPA fines Miss Lee Po Chi and Deloitte Touche Tohmatsu HK$50k each
HKICPA, 13-Nov-2018
Over bad audit work on Culturecom (0343) regarding its stake in China Bio Cassava (8129), now known as Cloud Investment Holdings Ltd.
HKICPA takes action against Dick Kay Man Wo & Chen Ping Him
HKICPA, 1-Jun-2017
The HKICPA fails to state which firm they work for, or which listed company they were auditing. We'll tell you that the firm is Deloitte Touche Tohmatsu. If you know which listed firm is involved, please contact Webb-site Reports.
Enrich Future Ltd v Deloitte Touche Tohmatsu
HK Court of First Instance, 8-Feb-2017
Charles Li v SEHK and various listed companies and auditors
HK Court of First Instance, 28-Jun-2016
There is not a single listed company amongst the defendants in which we would invest.
Enrich Future Ltd v Deloitte Touche Tohmatsu
HK Court of First Instance, 22-Jun-2016
Deloitte is being sued over its audit work on Sunlink (2336). The provisional liquidators assigned the claim to Enrich Future Ltd.
Ocean Grand liquidators get court approval for litigation financing
HK Court of First Instance, 8-Oct-2015
The companies are not named, but from the case numbers we know that they are former subsidiaries of Ocean Grand Holdings Ltd, which collapsed in 2006. The parent company went through a scheme of arrangement and emerged as Zhidao (1220). The liquidators, presumably still Deloitte, can now sue unnamed persons to try to recover money for the bondholders, who as of 2008 were owed about HK$1.2bn.
Deloitte quits as auditor of China Animal Healthcare (0940)
Company announcement, 29-Sep-2015
Deloitte has alleged misconduct by a company employee and cannot agree with the company on additional audit procedures. But HLB Hodgson Impey Cheng is willing in principle to take them on.
Tianhe Chemical (1619): Deloitte quits after board rejects disclaimer of audit
Company announcement, 17-Sep-2015
Tianhe Chemical (1619): outstanding audit issues
Company announcement, 14-Aug-2015
Sound Global (0967): Deloitte quits as auditor over "scope of governance response"
Company announcement, 22-Jul-2015
And HLB Hodgson Impey Cheng takes over.
Executive summary of Investigation Report dated 4-Jan-2012
Financial Reporting Council, 23-Jan-2015
This must relate to Gold-Face Holdings Ltd and its auditor, Deloitte Touche Tohmatsu.
Daqing Dairy (1007): auditor quits, alleges fraud
Company announcement, 29-Mar-2012
Deloitte cites "matters pervasive to the financial statements including...milk procurement transactions acknowledged by [management] to be fraudulent..."
China Mining Resources (0340): Deloitte quits as auditor, cites ICAC investigation
Company announcement, 30-Nov-2011
Trio jailed for conspiracy to defraud and related offences
HK Police, 2-Sep-2011
The listed company is Tungda Innovative Lighting (8229). The 58-year old Chairman is Chu Chien Tung. The 54-year old director is his brother, Chu Chick Kei. We're not sure who the woman was. Why don't the police just name everyone? After all, the court hearings were held in public. The reporting accountant in the IPO and auditor during this period of false accounting was Deloitte. They gave a true and fair opinion in the 2003 report, but disclaimed their opinion in the 2004 report and then quit. Apparently the Chu brothers have now absconded.
Deloitte quits as China Packaging auditor over unresolved issues
Company announcement, 8-Jul-2009
HKICPA settles regulatory proceedings involving Deloitte Touche Tohmatsu, BDO Binder and partners
HKICPA, 19-Jan-2009
HKMA appoints a Manager to Indover Bank (Asia) Ltd
HK Monetary Authority, 13-Nov-2008
Criminal Record
We take a look at the sordid past of LCD maker Yeebo International Holdings Ltd, now under new management. The past presents a case study in criminal fraud and bad internal corporate governance. We also look to the future of the group, which was rescued by a textiles tycoon who last year saw shareholders reject his proposed systems integration investment priced at 59.1x earnings. Now, the company is cashed up with a new industry-related 34.7% shareholder. (27-Aug-2001)
BDO Binder, Kwan Wong Tan & Fong, Deloitte Touche Tohmatsu v HKSA
HK Court of Appeal, 19-Jun-2001
BDO Binder, Kwan Wong Tan & Fong, Deloitte Touche Tohmatsu v HKSA
HK Court of First Instance, 1-Sep-2000
Deloitte Touche Tohmatsu v Hong Kong Society of Accountants
HK Court of First Instance, 31-May-2000

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