Sunday, December 03, 2006

Ahold fallout continues -- now it's Deloitte's turn

It's been several years now, but the fallout from Ahold's US Foodservice scandal (overstating promotional allowances by over a billion dollars) hasn't stopped spreading.

Just this past week, prosecutors in the Netherlands filed charges against Deloitte, Ahold's auditors at the time.

"The disciplinary complaint is lodged for acting as the accountant for the annual accounts of Ahold NV in the period from 1997 to 2002," the prosecutor's office said in a statement.

An Ahold spokesman declined to comment on the complaint, and officials from Deloitte could not immediately be reached for comment.

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