PwC has responded to a public letter that blamed some of its executives for the global accounting firm’s exposure to China Evergrande, the fallen property giant.

PwC issued a statement on 16 April after a letter circulated on Chinese social media over the weekend, which claimed to be written by some of the firm’s partners. The letter alleged, among other things, that a former partner had raised concerns about Evergrande and suggested dropping it as a client, but a senior executive intervened.