COMPANIES Three senior executives at KPMG, liquidators of the Hong Kong subsidiaries of Lehman Brothers, have been summoned for questioning in Thailand in relation to the sale of properties previously owned by the collapsed bank.
The crime suppression unit of Thailand’s police force is investigating claims that KPMG failed to follow due procedure when trying to sell millions of dollars’ worth of assets in Thailand that were formerly held by Lehman. Creditors claim that KPMG may have circumvented Thai bankruptcy laws.
