PwC sued for £2bn

UKRAINE’S largest bank has filed a £ 2.1bn lawsuit against subsidiaries of accountants PwC, accusing them of failing to spot risky lending practices at the institution.

PrivatBank said it filed proceedings against the two subsidiaries, PwC Ukraine and PwC Cyprus, on Friday.

The lender was brought into public ownership in 2016 and Ukraine’s central bank claims the previous owners left it with a shortfall of £3.9bn. PwC did not comment.