Small shareholders in ailing Russian oil firm, Yukos have filed a class action lawsuit in the United States against its auditor, accounting firm PricewaterhouseCoopers.
According to the UK's Observer the shareholders, led by investment fund Roxwell Holdings have alleged that PwC wrongly certified accounts, leaving the oil firm open to the ongoing tax evasion investigation that has threatened to bankrupt it.
Mikhail Khordorkovsky, who owns the controlling stake in the company is also being sued by the group of shareholders, who allege that he and other senior executives falsified the company's financial position in an attempt to "deceive the investing public" last year.
According to reports at the weekend, Yukos has sent the government a new proposal detailing a two year payment plan for its tax liabilities. However, the Russian authorities have not yet issued a response.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment