KPMG Says It Didn’t Condone Alleged S. Africa Money Laundering
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- KPMG was never the auditor of offshore entities such as Accurate Investments or companies related to a diary-farming project in the Free State province, including Estina, consultancy’s southern Africa CEO, Trevor Hoole, says in statement on its website.
- “We strongly refute allegations that KPMG was involved in, or condoned, any alleged money-laundering activities”
- KPMG in South Africa resigned as auditors and advisers in April 2016 to the Oakbay Group companies, last sign-off as auditors was in respect of the February 2015 year-end
- Will cooperate fully with Independent Regulatory Board for Auditors in their investigation
- NOTE: June 30, KPMG Watched as Guptas Moved S. Africa Public Funds for Wedding Link
- NOTE: Hune 30, S. Africa Audit Regulator to Probe KPMG Review of Gupta Company Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283