EFF statement on KPMG SA conduct and contracts with Gupta-linked entities
17 September 2017
The Economic Freedom Fighters (EFF) notes disturbing reports about KPMG in South Africa and their potential involvement in financial crimes with Gupta linked companies. KMPG said, in their own admission, that their ‘work that fell considerably short of their own standards’.
For KPMG to claim that their work fell considerably short of their own standards is a travesty and misleading. KPMG, as auditors, have been at the centre aiding the Gupta family and their associate's companies in their syndicate to loo state resources for private enrichment, and made millions if not billions in the process.
The EFF has written to the South African Institute of Charted Accountants (SAICA) and the Independent Regulator Board of Auditors (IRBA) to report the following KPMG partners to be removed as Chartered Accountants:
a) Mr Trevor Hoole, CA(SA)