KPMG to give R47m in Gupta fees to civil society
Executive chair Wiseman Nkuhlu says making the payments to the organisations is ‘an important step in ensuring redress for the actions of the past’
Auditing firm KPMG says it will be distributing the R47m it earned in fees from Gupta-related entities to civil society organisations.
KPMG was embroiled in allegations of state capture as a result of the leaked Gupta e-mails, following the resignations of several senior executives. This also saw a number of high-profile clients ending their working relationship with KPMG.
The firm audited, among others, Linkway Trading‚ which allegedly was used to channel R30m of taxpayers’ money to fund the infamous 2013 Sun City Gupta wedding.
KPMG on Monday said it would give the money to organisations that promoted ethical leadership and accountable governance. Read more:..
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you register or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@dispatchlive.co.za or call 0860 52 52 00.