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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 ...

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