18/01/2022

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RICS probe publication delayed for second time | Online

RICS flags

An independent evaluation is currently underway into allegations that RICS tried using to suppress a critical inside report into its funds in 2018/19 and then unfairly dealt with individuals who sought to examine the problem.  

It is staying led by a senior barrister Alison Levitt QC (of 2 Hare Courtroom Chambers) and supported by legislation agency Kingsley Napley. 

The law firm stated today that the impartial assessment staff has now moved into the ultimate period of the review and it is their hope to be capable to supply the report to the chair of the Steering Committee of Governing Council by mid-August 2021. 

Levitt experienced initially hoped to offer the report in mid-June, but past month pushed its publication back again until July, just before asserting currently that it will be predicted in August. 

RICS released the unbiased evaluate after The Sunday Moments published allegations late past year that four administrators were being ousted in November 2019 for flagging up a 2018 BDO report warning that RICS was uncovered to “unidentified fraud, misappropriation of resources and misreporting of fiscal performance”.