Malaysian firms sue Andersen for audit irregularities
AFP SUNDAY, JUNE 30, 2002 10:41:46 AM
KUALA LUMPUR: Three Malaysian firms have sued accounting giant Arthur Andersen for more than 350 million ringgit (92.1 million dollars) for failing to detect irregularities in company accounts, reports said Sunday.
In their statement of claim filed Saturday, the three companies alleged that audit reports in 1998 and 1999, which were verified by Andersen, had actually contained "numerous suspicious transactions", the Sunday Star newspaper said.
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