ECB letter about EBRD fraud and PWC response

Exiled Parex Bank whistleblower John Christmas wrote a letter to the European Central Bank about the 2009 EBRD fraud in Latvia and 2013 EBRD fraud in Lithuania.  The letter was sent from Rome to approximately 650 people in December and January.  You must click this link twice to get to the pdf:

ECB letter scan

UPDATE:  PWC sent a reply that sums up the attitude of thousands of professionals who have known about the EBRD/Parex/Latvia fraud for years but are pretending they don’t know about it while it continues to grow.  PWC is claiming that the letter sent to them was “mis-posted” even though it was clearly marked with a note that they signed the false 2009 Parex Bank annual report.

Perhaps this is no surprise given PWC’s horrible history in the former USSR.  They signed annual reports for Gazprom for years will full knowledge that billions of dollars were being skimmed.  And, they signed annual reports for Yukos for years with full knowledge of massive frauds there.  PWC only canceled their endorsement of Yukos when Russian authorities threatened to arrest PWC employees.

Here is the PWC email about the ECB letter:



Subject: Letter

Dear John,

We have received a letter addressed to a Mr Draghi that seems to have been mis-posted. The subject is EBRD helping falsify financial statements. As this letter is of a sensitive nature we have destroyed it and taken no copies.

Kind regards,

Gemma Morton

PwC PA to Kevin Burrowes & Symon Dawson