Large 4 accounting agency Deloitte is suing three senior companions in Hong Kong accused of leaking shopper secrets and techniques to a bitter rival — and hatching a plot to maneuver 9 senior executives en masse to the unnamed agency.
The London-based consultancy mentioned within the lawsuit that Derek Lai, Adrian Chan, and Forrest Kam, who work in its restructuring unit, drew up the plan to arrange the defections in July of this 12 months.
It mentioned an inside investigation discovered that the trio downloaded massive swathes of personal info they supposed to cross on to the opposite firm.
Deloitte claimed it was a blatant try and illegally hurt the agency, ignoring non-compete clauses that had been written into their contracts.
Lai, who headed up Deloitte’s Asia insolvency apply and oversaw among the area’s main restructurings, together with the winding-up of media large Asia TV, denies the allegations, based on a report in Britain’s Sunday Instances newspaper.
Chan and Kam haven’t commented publicly on the case.
Deloitte is suing all three for damages and desires the Hong Kong court docket at hand out an injunction that will successfully blacklist them from the monetary providers business.
Skilled providers giants usually attempt to poach expertise from rival companies within the hope they’ll herald new and profitable purchasers with them because of this.
The Put up has approached the British consulting large for remark.
Deloitte, based in London in 1845, is the largest accounting and proscribing agency on this planet by way of revenues generated, raking in $67.2 billion final 12 months, and employs 460,000 folks worldwide.
It’s a member of the so-called Large 4 consultancies that embody PwC ($55.4 billion), EY ($51.2 billion) and KPMG ($36 billion).
The businesses are seen as ‘one-stop-shops’ within the monetary business, offering recommendation on all the things from tax and authorized affairs to auditing and accounting providers.
