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Company Response

17 Mar 2014

Ernst & Young Dubai

EY Dubai response

In early 2013, EY Dubai was engaged to review the supply-chain compliance of Kaloti... as a result of this process, EY Dubai identified some instances of non-compliance with the rules established by the relevant regulator (the Dubai Multi Commodities Centre - DMCC)...It was the work of EY Dubai that first brought to light that there was non-compliance with the applicable regulations. The instances of non-compliance we found were fully reported by EYDubai to the client and separately to the regulator...

Part of the following timelines

Report by Global Witness: "City of Gold - Why Dubai’s first conflict gold audit never saw the light of day"

أرنست ويونغ تتسترعن مخالفات سوق الذهب في دبي (ردود من أرنست ويونغ، كالوتي، مركز دبي للسلع المتعددة)