According to the text of the open letter published today in România Liberă, the Romanian Financial Supervisory Authority (ASF) appointed KPMG's local affiliate KPMG Advisory two years ago to take over management for ASF of the insurance company ASTRA, which was a major financial supporter of the newspaper.
However, the open letter states, it became clear that the role of KPMG Advisory was not to recover debts for ASTRA, but instead to silence a critical voice. KPMG on behalf of ASF resisted all attempts at fair and reasonable settlement of debts between ASTRA and România Liberă, which has led to insolvency proceedings which will bring one of Romania's oldest, most popular newspapers under direct government control.
The full text of the open letter to KPMG from România Liberă can be read at http://bit.do/romania-press.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kpmg-accused-of-attempting-to-censor-freedom-of-the-press-in-romania-claims-romania-liber-300349760.html
SOURCE Romania Libera