insolvency guru under fire on advice, page-4

Unfortunately I cannot shed any light on that subject Plumbob other than It would not be relevant in any legal context.

Ferrier Hodgson have made some serious allegations against Korda Mentha audit of OVC obviously based on expert professional legal advice and an analysis of the professional indemnity insurance available for any claim.

However the financial damage to OCV had already largely occurred at that time. If Ferrier Hodgson legal opinion is correct ,it follows that PIF investors must have a case against Korda Mentha , because in my humble opinion PIF investors ultimately suffered far greater losses, 90% loss or more of approximately 900 million dollars as a result of Korda Mentha negligence in not forensically detecting the fraudulent activity relating to Fortress and the RBOS loan .The repayment of the RBOS loan was the major factor in destroying the PIF