DSME Facing Legal Action over Accounting Fraud
Shipbuilding conglomerate Daewoo Shipbuilding and Marine Engineering (DSME) is facing a lawsuit on the grounds of an alleged fraud against individual investors.
Namely, South Korean law firm Hannuri Law has revealed plans to file a joint lawsuit in September against the shipbuilder and Deloitte Anjin accounting firm on behalf of retail investors, who are reported to have lost over KRW 2.2 trillion (USD 1.9 billion) following DSME’s announced loss.