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Grant Thornton has filed a counter-claim against Vincent Tchenguiz for defamation after the property entrepreneur sued the accounting firm for £2.2bn and accused it of a conspiracy.
In documents filed at the London High Court on Tuesday, Grant Thornton denied Mr Tchenguiz’s claims and said it was seeking damages for libel and an injunction restraining him from publishing any further defamatory comments.
“There is no basis for these serious allegations and the action ought never to have been brought,” Grant Thornton said.
“This case has arisen because Grant Thornton co-operated with the authorities and it is clearly in the public interest that professional firms are able to do so without the threat of unwarranted reprisals such as this claim.”