Deloitte faces huge Ahold claim

Deloitte, which was Ahold’s accountants when its accounting scandal struck in 2003, could be facing a damages suit worth hundreds of millions of euros, Ahold shareholders said this week.

The shareholders are also putting a claim against Cues van Heaven, former Ahold chief executive.

SOBI, a Dutch independent financial markets watchdog, said the current claim comes after a previous damages claim by the shareholders failed.

SOBI's Pieter Lakeman has agreed to prepare another round of claims after shareholders approached him for assistance.

In March, the Dutch disciplinary council for registered accountants ruled Deloitte 'seriously failed' in its supervision of Ahold's US Foodservice. The Netherlands' Royal Institute for Registered Accountants confirmed the ruling.

Further reading:

Ahold CFO steps into top spot

Ex-Ahold exec gets seven years for role in fraud

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