KPMG South Africa Suspends Partner Pending Gupta Work Review
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KPMG LLP’s South African office suspended its lead audit-engagement partner and “relieved” two others pending the result of its investigation of the work that the firm did for companies linked to the Gupta family, whose members are friends with President Jacob Zuma.
KPMG resigned as auditor for the family’s businesses in March 2016 “and should have stopped working for the Gupta companies sooner than we did,” Trevor Hoole, the chief executive officer of the firm’s office in South Africa, said in an emailed statement Friday.