WASHINGTON: Deloitte Touche Tohmatsu CPA Ltd was ordered to appear in a US court after rejecting a demand by the Securities and Exchange Commission for documents related to an investigation of Deloitte’s former client, Longtop Financial Technologies Ltd.
US magistrate Judge Deborah Robinson ruled that D&T Shanghai must explain in court why it hadn’t complied with a subpoena issued in May seeking documents that the regulator claimed were “critical” to its probe of possible fraud at Longtop. – Bloomberg
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