The Deloitte Company logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi, on Aug 9, 2012..BEIJING – China has fined auditing firm Deloitte 211.9 million yuan for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd, the finance ministry said on its website on Friday .
Deloitte said it respects and accepts the ministry's decision, according to a statement published on its website. In a separate statement, Huarong said the company and its seven subsidiaries had received a 100,000 yuan fine each.
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