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Vivre creditors point finger at troubled retailer's audit firm EY

November 24, 2023

Some 40 bondholders of troubled online retailer Vivre filed a criminal complaint against the company, which they accuse of disseminating false information and manipulating the market. The complaint is related to the financial reports filed by the company, especially regarding the marketing expenses of RON 32 million made in 2019-2021 and incorrectly recorded in the accounting as the price of overvalued assets (future sales).

The bondholders say they are not sure whom to accuse particularly...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/vivre-creditors-criminal-complaint-nov-2023
Read in full - click here
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