Top bosses of the auditing firm KPMG in South Africa have resigned over work done for the Guptas who are business friends of the country’s President Jacob Zuma.
On Friday the company in a statement said its South African chief executive, chairman and six top partners had resigned.
“KPMG International has conducted a comprehensive investigation. While the investigation did not identify any evidence of illegal behaviour or corruption by KPMG partners or staff, this investigation did find work that fell considerably short of KPMG’s standards. Based on the results of this investigation, significant actions have been taken.” the statement said
The Guptas have been a point of controversy in South Africa as they face allegations of illegally influencing government contracts.
“This has been a painful period and the firm has fallen short of the standards we set for ourselves, and that the public rightly expects from us,” incoming CEO Nhlamu Dlomu said in a statement.
“I want to apologise to the public, our people and clients for the failings that have been identified by the investigation,” Dlomu added.
KPMG is to donate the $3 million it earned in fees from Gupta-controlled firms to charity.
Source: Africafeeds.com
