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TUV SUD assets worth $15M of German auditor to be seized


Devdiscourse News Desk brasilia Brazil
Updated: 16-05-2019 01:23 IST
TUV SUD assets worth $15M of German auditor to be seized

Image Credit: Pixabay

A Brazilian court ruled on Wednesday that 60 million reais ($15 million) of German auditor TÜV SÜD's assets be frozen and used to help pay for reparations to families affected by a deadly dam burst. TÜV SÜD certified the stability of a Vale SA tailings dam that collapsed in January, killing nearly 300 people in the state of Minas Gerais.

The Minas Gerais court located in the city of Brumadinho, close to the where the dam burst, also forbade TÜV SÜD from auditing the stability of dams. TÜV SÜD declined to comment on the ruling.

(With inputs from agencies.)

COUNTRY : Brazil

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