BaltCap Fund Demands EUR 40 Million in Compensation From Audit Firm

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The BaltCap Infrastructure Fund of the investment company BaltCap has filed a lawsuit with the court, demanding slightly more than 40 million euros in compensation from the auditing firm PricewaterhouseCoopers ("PwC") for what it claims was improper performance of its duties, the portal Verslo žinios reports.

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The BaltCap Infrastructure Fund, a fund of the investment company BaltCap, has filed a lawsuit in court, demanding slightly more than EUR 40 million in compensation from the auditing firm PricewaterhouseCoopers ("PwC") for what it claims is improper performance of its duties.

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Baltcap, one of the oldest investment companies in the Baltics and owned by Peeter Saksa, is suing auditing firm PricewaterhouseCoopers (PwC) for damages totaling just over 40 million euros. Baltcap believes that the court must, among other things, assess whether the auditor should have discovered the alleged extensive embezzlement of former employee Šarūnas Stepukonis, Äripäev was the first to report.

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Baltcap Infrastructure Fund demands 40 million euros in compensation from audit firm. The Harju County Court has received a lawsuit from Baltcap Infrastructure Fund demanding slightly more than 40 million euros in compensation from audit firm PricewaterhouseCoopers. Court, auditing, PRICEWATERHOUSECOOPERS AS, Ramon Rask, LAW FIRM RASK OÜ, BALTCAP INFRASTRUCTURE FUND TRUST FUND UÜ, OB HOLDING 1 OÜ, OLYMPIC ENTERTAINMENT GROUP AS, Investment Fund,…