Pravin Gordhan: KPMG leaders played a pivotal role in state capture

Former finance minister Pravin Gordhan. File photo: INLSA

Former finance minister Pravin Gordhan. File photo: INLSA

Published Sep 26, 2017

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JOHANNESBURG - Pravin Gordhan, the former finance minister said in a report that KPMG leaders within in SA must understand that they have really played a pivotal role in helping state capture. 

In the last couple of weeks the auditing firm has come under fire over its handling of the SARS “Rouge Report”.

The company has also been accused of helping to divert or launder large amounts of state funds into the hands of the Gupta family. 

The firm as result has lost a large amount of its top leadership, including its former CEO Trevor Hoole and has had to publically apologise to the South African people. 

KMPG has admitted to mistakes when working for Gupta-linked companies, according to a report on Eyewitness News. 

The auditing firm has lost a number of top clients including Sasfin. Finance Minister Malusi Gigaba has also called on government branches to review work done by KPMG.

KPMG International said over the weekend that independent investigation will be conducted and led by senior South African legal figure.

ALSO READ: DA will review all contracts with KPMG in 30 municipalities

-BUSINESS REPORT ONLINE 

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