October 28 2019
A major accountancy firm covered up evidence of smuggling and laundering of drug money by an organised crime gang, an investigation has revealed.
EY failed to report suspicious activity at one of the world’s largest gold refineries and then altered a compliance report to hide the crime. BBC Panorama discovered that the gang laundered money by selling 3.6 tonnes of gold to the Kaloti refinery in Dubai.
Both EY and Kaloti deny any wrongdoing.
Twenty-seven members of the money laundering gang were jailed in France in 2017.