BDO quit role supporting Singapore family office linked to scam empire
Two employees resigned as company secretaries to group accused of being part of international fraud last month
Two employees resigned as company secretaries to group accused of being part of international fraud last month

Move comes amid downturn for professional services after hiring spree during pandemic

Former executive told investigator examining company’s failure that audit firm had ‘most unsophisticated’ process

The case resulted in the city-state tightening regulations around family offices

Firm leader says auditor may face years of scrutiny and will take ‘decisive action to protect our reputation’

Change ends challenging relationship and comes as fintech tries to secure full UK banking licence

Internal investigation focuses on how the work spiralled into reputational crisis for firm