Category Archives: EY

Whistleblower suing Ernst & Young over gold dealings with Dubai firm

Sacked auditor says he was branded a troublemaker after telling bosses of his concerns about the Kaloti group

UK consultancy giant Ernst & Young has been accused of “unlawful, unprofessional and unethical” conduct over its relationship with a Dubai firm that was allegedly involved in money laundering and buying gold from conflict zones.

The claims are made in documents filed in the high court by lawyers acting for Amjad Rihan, a former partner at E&Y who exposed the alleged scandal three years ago. Rihan led a team given the job of auditing the Kaloti group, which at the time commanded half of Dubai’s gold refining market. His lawyers say that after blowing the whistle, Rihan was ordered by his employer to return to Dubai. He was dismissed when he refused.

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Source: gad

Carillion lenders consider appeal to save firm from collapse

Despite late rescue bid, administrators prepare to take action, prompting fears for 43,000 jobs, major projects and crucial public services

Construction firm Carillion is hoping for an eleventh-hour rescue to save it from the brink of collapse, amid fears for the future of a host of major government projects and day-to-day services, from schools to hospitals, prisons and the army.

The Cabinet Office hosted emergency talks on Sunday aimed at mapping out a future for a company that employs 43,000 people – including nearly 20,000 in the UK – but the meeting broke up without a rescue deal being announced.

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Source: gad