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KPMG South Africa managers resign over Gupta scandal – Telegraph.co.uk

KPMG has cleared out the management of its South Africa division, after the firm was implicated in the growing scandal surrounding businesses linked to the controversial billionaire Gupta family.

The big four accountant said the chief executive of its South African arm Trevor Hoole, its chairman Ahmed Jaffer and chief operating officer Steven Louw had all resigned, while five other senior partners are leaving.

It comes after an internal KPMG investigation found work it had done for Gupta family businesses had fallen “considerably short of KPMG’s standards”. The firm said no evidence of illegal or corrupt behaviour was uncovered.

KPMG South Africa confirmed it was the largest number of partners to ever leave the division at once related to a single incident, although it was unclear at time of publication if this was the case for the company as a whole.

KPMG South Africa managers resign over Gupta scandal – Telegraph.co.uk

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