The investigators suspect that Deloitte Anjin turned a blind eye to DSME’s fraudulent accounting.
For 2013 and 2014, DSME posted profits. However, it was revealed that the company had been manipulating the books, and had amassed about 5.5 trillion won (US$ 5 billion) losses. Deloitte Anjin, which had approved DSME’s accounting records in 2013 and 2014, concluded in March this year that about 2 trillion won of the shipbuilder’s losses were incurred in those two years.
By Choi He-suk (firstname.lastname@example.org)