Ernst & Young has come under fire from a judge for failing to give liquidators documents relating to Akai Holdings, the bankrupt flagship of jailed financier James Ting. The Big Four accounting firm has been ordered to hand over missing papers, including details of conflict searches carried out and audit planning documents for Akai, which folded five years ago amid debts of more than US$1 billion. Audit planning documents would normally identify risk assessments of a particular job. Yesterday's High Court showdown between the liquidators and Ernst & Young is one of several clashes over documents in the past few years. In 2003, the accountants were forced by a judge to hand over audit, restructuring and internal review papers relating to Akai, which it audited between 1996 and 1999. Madam Justice Susan Kwan Shuk-hing yesterday found that the accounting firm had, however, not disclosed all documents subject to an order in June last year. Citing 'protracted correspondence' between the parties that ran to 'an entire box file', the judge said: 'It does not appear to be that [Ernst & Young] has rendered proper assistance.' Under the order, the firm would make photocopies of the relevant documents for liquidators from Alvarez & Marsal, formerly RSM Nelson Wheeler Corporate Advisory Services. The judge noted the accountants had 'greatly exaggerated the time and efforts required to locate the documents in its own files', adding 'it's quite inconceivable, that an established organisation like [Ernst & Young] would not have a proper filing system'. Akai entered the history books in July 2000 for posting Hong Kong's largest corporate loss of US$1.72 billion. In September that year, a judge ordered the immediate liquidation of the company amid concerns over serious misconduct and missing assets. In May this year, Ting, Akai's former chairman, was put on trial at the High Court for concocting a bogus investment in 1999 to inflate assets at the firm by $300 million. The court heard that even Ernst & Young was duped into believing the deal was genuine, with the former boss going to great lengths to prove its authenticity. In July, a jury found Ting guilty of falsifying accounts at the consumer electronics firm, and he was sentenced to six years in jail. He was also banned from being a company director for 12 years.