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Vol 58 No 19

Published 22nd September 2017


South Africa

KPMG feels the Gupta heat

The global auditor becomes the latest corporate casualty of a spiralling corruption scandal claiming unexpectedly prominent scalps

In a grovelling public apology after 18 months of silence, auditing giant KPMG admitted that its senior executives in South Africa had 'made mistakes' and 'ignored red flags' in working for the Gupta family. The firm also disowned a confidential report they prepared for the South African Revenue Services (SARS) in 2014, which stated that former finance minister Pravin Gordhan knew, or ought to have known, that a rogue investigations unit within the agency was spying on President Jacob Zuma and his allies.

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