PwC denies loss of Russian client is due to Yukos battle
PwC loses state-owned Russian client, but denies any link with its Yukos battle
PricewaterhouseCoopers has lost a Russian client, as it continues to battle
in the courts about its role with oil business Yukos.
PwC partner Stanley Root said the carmaker’s decision was based on
competition and was not linked to the Yukos affair, reported The
‘We are not afraid of competition, because in many cases we come out
winners,’ said Root.
PwC has appealed a decision by the courts for its alleged role in helping
Yukos dodge taxes, for which the Big Four firm was fined $14m (£7.1m).