May 25, 2024

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RICS probe publication delayed for second time | Online

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RICS flags

An unbiased evaluate is at present underway into allegations that RICS tried out to suppress a vital internal report into its funds in 2018/19 and then unfairly dealt with these who sought to take a look at the problem.  

It is staying led by a senior barrister Alison Levitt QC (of 2 Hare Court Chambers) and supported by law firm Kingsley Napley. 

The legislation company claimed right now that the unbiased review crew has now moved into the closing period of the overview and it is their hope to be in a position to provide the report to the chair of the Steering Committee of Governing Council by mid-August 2021. 

Levitt experienced initially hoped to offer the report in mid-June, but previous month pushed its publication again until July, before saying currently that it will be predicted in August. 

RICS released the independent evaluate after The Sunday Situations published allegations late very last yr that four administrators were ousted in November 2019 for flagging up a 2018 BDO report warning that RICS was exposed to “unidentified fraud, misappropriation of funds and misreporting of monetary performance”. | Newsphere by AF themes.