<ul data-eligibleForWebStory="false"><li>Aakash Educational Services Ltd. has issued a legal notice to Ernst & Young LLP over conflict of interest accusations, alleging the consultancy firm acted against Aakash's interests while advising its competitor, Allen Career Institute.</li><li>Aakash claims that EY's involvement in its financial operations, advised on a proposed merger with Byju's, and served as the financial advisor to Allen breaches professional ethics.</li><li>Aakash demanded that EY withdraw from advising and acting as resolution professional in the Byju's insolvency within seven days, threatening legal action if EY fails to comply.</li><li>The legal notice highlights EY's alleged refusal to provide key documents, whistleblower emails revealing attempts to orchestrate fraudulent insolvency proceedings, and calls for an investigation into EY's professional conduct.</li></ul>

Aakash Accuses EY Of Conflict Of Interest Over Allen Partnership, Sends Legal Notice

Discover more