PricewaterhouseCoopers (PwC) Australia has moved to contain the fallout from a scandal over the misuse of confidential government tax plans by selling its government consulting unit to Allegro Funds and flying in an executive from Singapore to lead the local firm.
PricewaterhouseCoopers (PwC) Australia is under fire after a former partner leaked confidential government tax plans between 2014 and 2017 which were then used to drum up work with multinational companies hoping to sidestep new rules.
A methane gas explosion in a disused South African mine killed at least 31 people last month believed to be from neighbouring Lesotho, South Africa's energy department said on Friday.
PwC Australia entered an exclusivity agreement with private equity firm Allegro Funds to sell its government practice for A$1 as it brought in an executive from Singapore to lead its local firm.
The consultancy faces a further leadership shakeup as it responds to a scandal that has frozen work with some of Australia's major public and private-sector clients.