Ernst & Young settles in Moulin case

Moulin, which once claimed to be Asia's biggest manufacturer of eyewear, was wound up by the High Court in 2006 amid fraud allegations, owing lenders HK$2.7 billion. Ernst & Young was Moulin's auditor between 2002 and 2004.

The liquidator told creditors in private that one of Moulin's four biggest customers was really a Chinese restaurant in McCook, a town of 8,000 in Nebraska in the United States, people who attended the meetings said.