KPMG, Deloitte to Pay EU25 Million in Settlement With Vestia

May 15, 2020, 10:34 AM UTC

Accountants KPMG and Deloitte agree to pay total sum of EU25 million to Dutch housing provider Stichting Vestia in a settlement with no admission of wrongdoing or liability, according to emailed statement from Vestia.

  • Settlement will put end to legal procedures Vestia had started against accountants for signing off on Vestia’s derivatives accounting
  • NOTE: July 2019, Deutsche Bank Pays $197 Million to Settle Dutch Bribery Case

To contact the reporter on this story:
John Martens in Brussels at jmartens1@bloomberg.net

To contact the editor responsible for this story:
Katerina Petroff at kpetroff@bloomberg.net

© 2020 Bloomberg L.P. All rights reserved. Used with ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.