Ernst & Young offices in Tysons, Virginia. Photo: Diego M. Radzinschi/ALMErnst & Young Hid Client's Inflated Revenues, Investors Claim
The investors say that with Ernst & Young's "critical" support, Brooge Petroleum and Gas Investment Company FZE was able to inflate its revenue by tens of millions of dollars between 2018 and 2020.
December 19, 2024 at 04:22 PM
3 minute read
Ernst & Young is accused of helping oil storage company Brooge inflate its finances to get investors in an $180 million special purpose acquisition company deal on board with a merger, according to a lawsuit filed in Manhattan federal court.
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