Strategic Intelligence for CFOs, Finance Directors, Controllers and Treasurers in Asia |
2012, May 22
2012, May 22 Gabriel Ricardo Dias-Azedo, the former managing partner of accountancy firm Grant Thornton Hong Kong, has been arrested in Spain after disappearing in September last year—bringing with him more than HK$91 million he allegedly stole from friends and business partners.
Citing a person with knowledge of the arrest, the South China Morning Post reports that the fugitive accountant had been detained under a red notice issued in October by Hong Kong through Interpol.
"There is no bilateral agreement between Hong Kong and Spain but a transfer under multilateral treaties the two jurisdictions are signatories to, or under provisions in Spanish domestic law, are two areas that can be looked at," the person told the Post.
Several lawsuits have been filed since Azedo vanished, not only against him, but also against Grant Thornton Hong Kong, says the Post. The accountancy firm's Hong Kong practice will cease operations by year-end. The mid-sized accounting firm's partners and staff will be absorbed by another accounting company, BDO.
MORE ARTICLES ON GRANT THORNTON
CFO innovation Asia Accounting and Regulation the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Accounting Regulation, IFRS, US GAAP, Tax, investor relations, corporate governance, Corporate Law, Financial Regulators, Internal Audit, Audit, Corporate Law. |
CFO innovation Asia, Finance and Banking the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Corporate Finance, trade finance, treasury and risk management, capital expenditure, Banking, mergers and acquisitions |
CFO innovation Asia the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Management, Corporate Governance, Human Resource Management, Compensation and Benefits, Mergers and Acquisitions, Professional Development, Corporate Real Estate, Risk Management, Budgeting and Forecasting, Business Process Management, Business Process Reengineering, Outsourcing. |
CFO innovation Asia Technology the Asia Pacific resource center for senior finance executives, daily news, analysis, best practice and case studies in Finance Systems, Business Intelligence, EPR, Accounting software, CRM, Cloud Computing, Telecommunications, Business Process Outsourcing, Business Process Management Software. |
0 comments
Print
Digg