The auditors and Marc Guns (a leading figure) of Ernst&Young have to appear for the Court of First Instance, namely the Correctional Court. E&Y is being suspected of forgeries in a fraud with Alken-Maes. Rudy De Hainaut (a previous leading figure of Alken-Maes) also has to appear for the court.
An enquiry at Mechelen has established that Alken-Maes sold illegal beer to more than 300 bars. At the time, in 2002, after a banal theft, this fraud could become known. Consequently, Alken Maes asked Ernst&Young for help. Together they rose up a construction to hide the illicit trade. Moreover, E&Y is being blamed, because as a consultant, they helped with a fraud. Furthermore, when they did audits at Alken-Maes, they were pretending that nothing was going wrong.
Christophe Ballegeer reacts optimistic at this issue. He is believing in a good ending of the trial. Moreover, he is convinced of the juridical procedure which will show that Marc Guns and E&Y can’t be blamed.
Ernst&Young emphasized that they have cooperated on the research. The auditors hopes that the good name and the reputation of their company can assured in this trial.
In my point of view I think that E&Y are scared that their reputation will be damaged. Consequently, they react in this manner. However, I didn’t expect that Ernst&Young has cooperated to a fraud. As auditors, they have to be professional. In the long run, this issue can create a lot of damage for them.
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It is scandalous that E&Y swindles! I’m agreed with Tine, it is their job to be professional and control companies if they are doing fraud. This is the world upside-down!
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