DA hands over KPMG International’s statement to the Hawks to assist with ongoing investigation into the Guptas.
The DA welcomes the investigation, conducted by KPMG International, into work performed on behalf of the Gupta family, which resulted in the purge of seven senior executives from KPMG South Africa.
The investigation into the audits of Gupta entities, including Linkway Trading (Pty) Ltd, a South African company, controlled by the Guptas, which was allegedly involved in tax evasion, established that:
“management of many Gupta entities responded misleadingly and inadequately to audit teams enquires about the nature of related party relationships and the commercial substance of significant unusual transactions”
The investigation also identified:
“a series of misrepresentations from the client over the period that KPMG South Africa provided tax advice.”