E&Y partner in Daewoo investigation

Maggie Mills, a partner in Ernst & Young’s insolvency division, is to be investigated by the ICAEW investigations committee over issues relating to the administration of the UK sales arm of Daewoo.

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Mills is to be quizzed by the committee next month over advice given in pre-insolvency proceedings, the Independent on Sunday reported.

Mills is accused of failing to tell customers that Daewoo was in danger of going into administration when they purchased vehicles, and of authorising the destruction of company records at Daewoo.

The firm is quoted as saying that the allegations are ‘totally without merit’.

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