You are here: Home » International » News » Finance
Business Standard

KPMG sacks top executives in South Africa over Gupta scandal

KPMG is under investigation by regulatory body IRBA and could be removed from the auditors' register

Reuters  |  Johannesburg 

Global auditor KPMG cleared out its South African leadership en masse on Friday after damning findings from an internal investigation into work done for businessmen friends of President Jacob Zuma. KPMG's investigation into its work for the Guptas, accused by a public watchdog of improperly influencing government contracts, identified no evidence of crimes or corruption, but found that work done for Gupta family firms "fell considerably short of KPMG's standards", the auditor said in a statement. In particular, it acknowledged "flaws" in a report that ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, September 16 2017. 22:40 IST
RECOMMENDED FOR YOU