9 FEBRUARY 2002, Page 33

Australian accounts

From Mr Peter Henderson Sir: Peter Oborne ('How Labour courted the money men', 26 January) might be interested to know that the accountancy firm Arthur Andersen is not just facing scrutiny in the UK and the USA. In Australia allegations have been made that it falsified accounts for the insurance group HIH shortly before it collapsed with possible debts of over $A 5 billion.

Peter Henderson

Moss Vale, NSW, Australia