Organization

China Evergrande Group

Chinese property developer; in March 2024 China’s securities regulator accused it of fraud. Its onshore unit was Hengda Real Estate.

2 links, 0 backed by primary records. 7 more in open data

Over time

awarded a contract to PwC Zhong Tian (auditor of its onshore unit, Hengda Real Estate) 2018–2020
2018201920202021

Legal records

Evergrande fraud case

Mar 2024 Charged by China Securities Regulatory Commission: accused of a fraud over two years through 2020, of about $78 billion in the regulator's figure 1 2

A charge is an accusation, not a finding of guilt.

Connections 2

China Securities Regulatory Commission Mar 2024 accused of a fraud over two years through 2020, of about $78 billion in the regulator's figure Scholarship & press 1 2

PwC Zhong Tian 2018–2020 auditor of its onshore unit, Hengda Real Estate Scholarship & press 2

Timeline 2 dates

Proof 2 sources

China fines PwC $62 million for its role in the Evergrande collapse, CNN, 13 Sep 2024. Scholarship & press
Chinese authorities have been examining PwC’s role in the accounting of Hengda Real Estate since the CSRC accused the developer in March of a $78-billion fraud over a period of two years through 2020.
China levies record penalty on PwC over Evergrande fraud, Accounting Today (Bloomberg), 13 Sep 2024. Scholarship & press
Authorities have said developer Evergrande's main onshore unit Hengda overstated its revenue by 564 billion yuan in the two years through 2020.
PricewaterhouseCoopers Zhong Tian LLP, a Shanghai-registered firm that is part of PwC’s global network, was Hengda's auditor during the period in question.

Page history 1 change