Home » News » Lawyer leading RICS governance probe asks members to help with evidence
Regulation & Law

Lawyer leading RICS governance probe asks members to help with evidence

Alison Levitt QC is looking into why RICS bosses suppressed a critical 2019 internal report and fired four non-execs who supported its findings.

Nigel Lewis

rics levitt

The senior barrister in charge of RICS’ internal investigation into allegations that it suppressed a critical internal treasury management audit report and then tried to silence those who supported its findings has made a call for evidence.

QC Alison Levitt, who took over from Peter Oldham earlier this month, says she wants to hear from range of interested parties who can help her Independent Review into the affair including past and current members or directors of RICS, media organisations and anyone else with information. Levitt is a partner at leading law firm 2 Hare court and her specialities include ‘business crime’.

The report at the centre of her review was completed between 2018 and early 2019 by accountancy firm BDO at RICS’s request,

It warned the venerable organisation that its treasury management processes were at risk of “unidentified fraud, misappropriation of funds and misreporting of financial performance”.

Levitt says she wants to look at how this report was produced, why its finding were not implemented, what happened at two crucial internal review meetings on 20th September and 25th September 2019 and how and why four ‘whistle-blower’ non-exec directors were fired from the organisation.

Non-execs

These were Amarjit Atkar, Simon Hardwick, Bruce McAra and Steve Williams.

RICS set up the Levitt review after multiple press reports critical of RICS’ handling of the treasury report and removal of the non-exec directors.

Her review is entirely independent of RICS and has its own law firm supporting the review, Kingsley Napley.

Those wishing to give evidence either anonymously or in person should contact Levitt through the dedicated website.

April 30, 2021

What's your opinion?

Please note: This is a site for professional discussion. Comments will carry your full name and company.

This site uses Akismet to reduce spam. Learn how your comment data is processed.