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Russian court leaves PwC's licence in legal limbo

By Catherine Belton in Moscow

Published: January 29 2008 02:00 | Last updated: January 29 2008 02:00

A Moscow court decided yesterday to leave in force a ruling that PwC Russia had colluded with Yukos, the bankrupt oil company, to produce false audits. The ruling leaves the big four auditor's licence to operate in Russia still under question.

The Moscow appeal court said it could not continue the hearings because Yukos, the co-defendant, had been liquidated.

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