Centro Properties Group Ltd's auditor Pricewaterhouse Coopers (PwC) has attacked the property company with a counter-claim, threatening to sue the former directors, reported The Sydney Morning Herald newspaper.
PwC filed a claim with Justice Donnell Ryan on Friday for "security for costs," which indicated that it did not have confidence Centro Properties had enough money to pay for any costs the court might award.
On June 5 PricewaterhouseCoopers sought to stand down from the position as Centro Properties' auditor.
The shopping centre owner said it was in advanced discussion with other audit firms and expected to announce its new auditor next week.
CER Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
