Choppies auditors deny duty to Ram, Farouk

Friday, October 23, 2020

Choppies’ former auditors, PricewaterhouseCoopers (PwC) have denied owing any legal duty to the outfit’s chief executive officer, Ramachandran Ottapathu and founder, Farouk Ismail.

The auditors who are facing a P450 million lawsuit from the Choppies’ bosses said they did not owe a legal duty or duty of care to the two shareholders in their individual capacities.

According to the duo’s Court documents they blame the auditors for alleged lapses that led to the regional grocer’s suspension from the stock exchange in 2018 and a collapse in value.

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Choppies auditors deny duty to Ram, Farouk

Choppies’ former auditors, PricewaterhouseCoopers (PwC) have denied owing any legal duty to the outfit’s chief executive officer, Ramachandran Ottapathu and founder, Farouk Ismail.

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