Amwal Invest Sues Ernst & Young For Hiding Financial Troubles

Amwal Invest is suing international accounting firm Ernst & Young (E&Y) over allegations it covered up financial irregularities by a former administration. The Amman-based company seeks around JD78 million in damages for thousands of defrauded shareholders, according to the company's Chairman Qasem Newashi. Newashi told The Jordan Times over the…