Streaming issues? Report here
capetalk-shoutoutpng capetalk-shoutoutpng
An Hour With a Special Guest on Just the Hits
10:00 - 11:00
volume_up
volume_mute

Up Next: Just the Hits with Sara-Jayne King
See full line-up
An Hour With a Special Guest on Just the Hits
10:00 - 11:00
Home
arrow_forward
Politics

Heads are going to continue to roll at KPMG and elsewhere - Corruption Watch

15 September 2017 6:18 PM
Tags:
KPMG
KPMG probe

Eight senior executives at KPMG have resigned over the Sars rogue unit report and relations with the Gupta family.

Eight senior executives at KPMG have resigned over the Sars rogue unit report and relations with the Gupta family.

KPMG CEO Trevor Hoole, chief operating officer Steven Louw, chairperson Ahmed Jaffer and five senior executives have resigned and the auditor has withdrawn its South African Revenue Service (SARS) "rogue unit" report.

This follows an investigation by KPMG International that was launched following the #GuptaLeaks emails that emerged earlier this year.

Craig Mckune, Reporter at Amabhungane Centre For Investigative Journalism says the resignations signal an attempt by KPMG to manage their reputation. McKune adds this is the route the firm had to take to avoid ending up like defamed PR firm, Bell Pottinger.

You can't have the Guptas as we know them without much wider spread of criminality and corruption.

Craig Mckune, Reporter at Amabhungane Centre For Investigative Journalism

As allegations of corruption continue to swirl, Corruption Watch has approached US Justice Department to probe US consultancy firm McKinsey & Company's Eskom dealings.

This comes after Bell Pottinger was expelled from the PR Association and Communications Association over business relations with the Guptas. And now KPMG International has taken action after conducting its own investigation.

David Lewis, Executive Director at Corruption Watch says because authorities in South Africa have failed to act on the KPMG allegations they felt compelled to refer the firm to US authorities.

When corruption reaches the scale of illicit financial flows of money across borders then you need facilitators as was shown for example with the famous Panama papers.

David Lewis, Executive Director at Corruption Watch

This about KPMG International, this is about KPMG South Africa. You don't employ any entire senior management that is willing to engage and cover up these practices.

David Lewis, Executive Director at Corruption Watch

When KPMG made that statement that they are not politically motivated i accepted that. They are motivated by sheer greed.

David Lewis, Executive Director at Corruption Watch

Heads are going to continue to roll at KPMG and elsewhere.

David Lewis, Executive Director at Corruption Watch

Take a listen:


This article first appeared on 702 : Heads are going to continue to roll at KPMG and elsewhere - Corruption Watch


15 September 2017 6:18 PM
Tags:
KPMG
KPMG probe

Recommended

More from Politics

Table Mountain Blouberg Beach 123rfSouthAfrica 123rflifestyle 123rf

City of Cape Town appealing to minister to open beaches, sportsfields and parks

29 May 2020 12:45 PM

Mayco member for community services Zahid Badroodien says it is illogical for our open spaces to remain closed.

Share this:
Read More arrow_forward

Lockdown levels South Africa Covid-19 coronavirus 123rf

[GRAPHICS] Lockdown level 3 at a glance

29 May 2020 12:19 PM

The Presidency of the Republic of South Africa released these key points outlining the level 3 lockdown for the country from 1 June.

Share this:
Read More arrow_forward

Lockdown levels South Africa Covid-19 coronavirus 123rf

[WATCH LIVE] National Command Council provides level 3 details

28 May 2020 2:05 PM

The NCC is set to brief the media regarding the details of alert level 3 that kicks in for the whole country on 1 June.

Share this:
Read More arrow_forward

Mosque muslim child kid islam 123rf 123rflifestyle

Why Claremont Mosque won’t reopen: 'We revere life and assessed the risk'

28 May 2020 11:05 AM

"We were guided by a supreme objective of our faith - the preservation, sanctity and reverence of life," says Imam Rashied Omar.

Share this:
Read More arrow_forward

Muslimg child praying mosque kid prayer religioun

Aren’t we setting ourselves up for failure by opening religious gatherings? - DA

28 May 2020 9:34 AM

"Reopening religious gatherings; what were the considerations? It seems Govt is still hashing those out," says Siviwe Gwarube.

Share this:
Read More arrow_forward

eu1nvjcxsaannkkjpg

Mnguni: Ramaphosa has lost complete control of SA, unleashing Level 3 armageddon

27 May 2020 4:29 PM

Political analyst Lukhona Mnguni says the President has given in to religious interest groups historically aligned to the governing party.

Share this:
Read More arrow_forward

Church worship prayer religion faith christianity

Churches easily become ‘super-spreader’ hotspots – why open them, not salons?

27 May 2020 2:54 PM

"Our restaurants are crippled! Please explain why gathering 50 people in a church is OK, but we can’t open," asks Wendy Alberts.

Share this:
Read More arrow_forward

Church worship religion 123rflifestyle 123rf

Church leaders discuss the enormous challenges of opening up services in level 3

27 May 2020 8:41 AM

It is a dilemma. Online services exclude the poor but religious services have caused Covid-19 cluster outbreaks worldwide.

Share this:
Read More arrow_forward

Cigarettes and alcohol 123rfbusiness 123rflifestyle 123rf

Ban on alcohol and tobacco has had harmful effects - SA Drug Policy Initiative

26 May 2020 12:35 PM

The SA Drug Policy Initiative says the prohibition of booze and cigarettes has had harmful health, social, economic, and criminal effects.

Share this:
Read More arrow_forward

john steenhuisen

More court cases are coming, particularly relating to the cigarette ban - DA

25 May 2020 1:34 PM

We must now try and rescue what's left of the economy, says Democratic Alliance (DA) leader John Steenhuisen.

Share this:
Read More arrow_forward