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DMX sues Deloitte, alleging professional negligence

At issue is the "clean opinion" stamped by Deloitte over 13 years

Angela Tan

Published Fri, Oct 6, 2017 · 09:50 PM

Singapore

DMX Technologies Group is suing Deloitte & Touche LLP for losses and damages suffered as a result of alleged professional negligence by its former auditor.

Based in Hong Kong and listed in Singapore in 2002, DMX is a digital media solutions provider with offices scattered in Asia, including Greater China, Indonesia, South Korea, Malaysia, India and Singapore. Japan's second-largest telecommunications operator KDDI Corporation paid S$188.4 million for a 52 per cent stake in the company in September 2009.

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