Choppies big honchos sue auditors for P450m

Ottapathu, popularly known as Ram, and Ismail claim PwC and its partner, Rudi Binedell breached the audit agreement they signed in 2018 and in the process made them lose millions.

According to their court documents, the two shareholders of Choppies accuse the auditors of breaching ethical, statutory and common law by prioritising their own interest and entrenching their position in the regional grocer’s without regard to the best interest of the company and its shareholders. “In the course of the purported execution of their duties as statutory auditors in relation to the Choppies financial year ended 2018, PwC breached their statutory, common law and ethical obligations,” read the papers prepared by Ramalepa Attorneys.