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The Latest Breaking News from Mazars

Prosecution rests in Trump Organization’s tax fraud case

Prosecutors in the Trump Organization’s criminal tax fraud trial have rested their case

The Independent UK

UK restaurants going bankrupt at faster rate than during Covid

Closures rise by 60% in past year, including 453 in most recent quarter, says advisory firm Mazars

The Guardian - UK

Restaurant company insolvencies rise by 59% over past year

As well as increasing food and energy costs, restaurants have been hit by shortages of staff, particularly for skilled roles such as chefs.

The Independent UK

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Autocratic governments spent hundreds of thousands at Trump’s hotel while lobbying his administration, documents show

Documents show Mr Trump’s former Washington DC hotel took in hundreds of thousands of dollars from autocratic states that were simultaneously trying to influence his administration’s policies

The Independent UK

British Steel auditor Mazars resigns over fee disagreement

Move comes only days after manufacturer reportedly asked government for financial support

The Guardian - UK

Investigation launched into Mazars audit of Frasers-owned Studio Retail Group

The industry watchdog said it's investigating statements up to March 26

Birmingham Post

Regulator starts Frasers-owned Studio Retail Group audit enquiry

Mike Ashley’s business snatched retailer from jaws of administrators for £26.8 million

Evening Standard

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Apartment block on former National Express site sold for £14.1m

New owners confirm plans to deliver student apartment scheme on the site

Liverpool Echo

UK manufacturing sector insolvencies rise by 63% since last year

Support groups say energy bills, higher interest rates and falling order books putting thousands of firms on the edge

The Guardian - UK

Family-run Bristol window manufacturing firm enters administration

Administrators said The Window Glass Company - trading as Window Glass - has carried out work for household name firms

Bristol Post

Lead council commissioner denies he forced Tony Reeves from his job

Mike Cunningham says 'buck stops' with former CEO over energy failings, but denies there was bad blood

Liverpool Echo

Pucklechurch transport firm Toogood collapses amid petrol price hikes and driver shortages

The business had suffered with "significant" cashflow issues in recent weeks

Bristol Post

Bristol transport company collapses amid rising petrol prices and driver shortages

The business was founded in 2006 and was a sponsor of Bristol Bears Rugby Club

Birmingham Post

Troubled Liverpool Council hurtling towards dark summer storm

A year on from the arrival of commissioners and clouds are gathering again over the city's struggling council, writes Liam Thorp

Liverpool Echo

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Liverpool Echo

Liverpool Council chief faces his toughest moment after bruising town hall reckoning

Tony Reeves was highlighted as the man turning Liverpool Council around - but for some he is now the focal point for the authority's troubled local authority's latest problems

The Guardian - UK

The Russian bank, the Bruce Willis ad and the $900m sanctions battle

Ministers warned that millions owed after alleged fraud by ex bosses of National Bank Trust could help fund Putin’s war effort

Mic

Definitely don’t read anything into this 4-page screed by Trump about his finances

His business’s longtime accounting firm said the Trump Org’s financial statements “should no longer be relied upon,” but it’s all good, really.

The Independent UK

Trump decries the New York attorney general’s probe into him as ‘racist’

‘After five years of constant bombardment, this political and racist attack must stop. Look to the murderers, drug dealers and rapists instead’

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news in one place.

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The Independent UK

Trump links Chinatown murder to probe into his taxes in first statement since accountant dropped him as client

Mazar’s decision to withdraw was a result of intimidation tactics by prosecutors, Trump claims

The Guardian - US

Donald Trump’s legal woes threaten to engulf him as accountants abandon ship

Mazars’ cutting ties with ex-president mark significant step in New York investigation of his financial affairs, among 19 current cases

Al Jazeera

Accounting firm cuts ties with Trump over unreliable documents

The company said it could no longer stand behind annual financial statements it prepared for the Trump Organization.

The Independent UK

Accounting firm: Trump financial statements aren't reliable

The accounting firm that prepared former President Donald Trump’s annual financial statements says the documents, used to secure lucrative loans and burnish Trump’s image as a wealthy businessman, “should no longer be relied upon” after investigators said they found evidence he and his company regularly misstated the value of assets

Salon

Trump's accounting firm pulls the plug

Tax firm Mazars now says the former president’s financial statements are unreliable

The Guardian - US

Trump Organization’s accountants cut ties, calling years of filings unreliable

Mazars, Donald Trump’s longtime accountancy firm, sever links amid criminal and civil investigations of ex-president’s business

The Independent UK

Dramatic twist in Trump investigation as accounting firm cuts ties and says financial statements can’t be relied on

A letter from accounting firm Mazars stating that former president Donald Trump’s ‘statements of financial condition’ cannot be relied upon is part of a court filing by New York Attorney General Letitia James

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