Culture&Arts

KPMG announces plan to donate R40 million after Gupta controversy

KPMG announces plan to donate R40 million after Gupta controversy

KPMG said that it has made a decision to take disciplinary action seeking dismissal in relation to Jaques Wessels, the lead partner on the non-listed Gupta businesses.

Cranston said KPMG worldwide would work actively with the South African business to improve audit quality and risk management processes.

Cape Town - On Friday KPMG South Africa CEO Trevor Hoole, chief operating officer Steven Louw, chairperson Ahmed Jaffer and five senior executives resigned over the work the firm had done for the Gupta family.

KPMG said that the evidence in the documentation provided did not support the interpretation that Gordhan knew, or ought to have known, of the "rogue" nature of this unit.

KPMG said it was donating the equivalent of 40m South African Rand (£2.2m) - the total fees earned from Gupta company work from 2002 - to not-for-profit groups working in education and the anti-corruption sector.

"One can sort of half welcome the statement but it falls short when so many honest employees have been cast aside and went through whole lot of trauma and for which KPMG says we don't take responsibility", says Gordhan.

"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", said KPMG International, which published a 10-page report on its investigation into the South African arm.

Spyder Pre Release Event Live Now Watch Now Mahesh Latest Movie Trailer
The movie features, Rakul Preet Singh , S.J Surya, Bharath, Priyadarshi Pullikonda and R.J Balaji in the prominent roles. Murugadoss used it for setting the rivalry between hero and villain and also weaved a romantic thread around it.

Nhlamu Dlomu is the new KPMG SA CEO, while Cranston will be interim chief operating officer for the next three to six months.

KPMG is one of four global firms which have launched major investigations into their work with the Guptas.

"Whilst there have been personal consequences, the real issue that confronts us is the significant damage to our hard-won democracy, to our state institutions and ultimately to the South African people", he said in a statement.

The three Gupta brothers, Atul, Ajay and Rajesh, came to South Africa in the early 1990s and built a commercial empire stretching from computers to mining and media. The brothers have rejected the public watchdog's accusations of corruptly influencing Zuma.

The firm's worldwide network launched an internal investigation after leaked emails showed a Gupta-owned company, Linkway trading had used laundered money from the state to pay for a family wedding.

The Gupta scandals have piled pressure on Zuma and opened rifts in the African National Congress, the party that has ruled since the end of apartheid in 1994.


  • 'Game of Thrones' Filming Different Series Endings to Avoid Spoilers

    'Game of Thrones' Filming Different Series Endings to Avoid Spoilers

    Game of Thrones bosses are preparing to film multiple endings for the cult fantasy drama's big series finale to prevent key plot details leaking online.
    Heather Locklear Hospitalized with Minor Injuries After Car Accident in California

    Heather Locklear Hospitalized with Minor Injuries After Car Accident in California

    The DUI charges were eventually dropped and she was sentenced three years of probation and required to take a DMV driver safety. Marshall told the magazine Locklear was "under the influence of prescription medication" at the time of the incident.
    Singapore Grand Prix -

    Singapore Grand Prix - "Difficult but nice"

    Its not easy to overtake here, but I like this track. "So we are happy that he will continue with us for another season also". In P1, he was second to Ricciardo , Verstappen was third and Hamilton fourth.
  • Ezekiel Elliott's lawyers respond to NFL's emergency action

    Ezekiel Elliott's lawyers respond to NFL's emergency action

    Some legal experts have said they think it is likely Elliott will remain eligible to play all season under the injunction. Elliott played in the season opener for the Cowboys Sunday night and is slated to play again in Week 2 this weekend.
    Lydia Ko in tie for eighth at Evian Championship

    Lydia Ko in tie for eighth at Evian Championship

    But the 24-year-old made the most of her reprieve, ending Friday two shots clear of Thailand's Moriya Jutanugarn. She is hoping the putts sink over the final two rounds at the Evian Championship , the year's final golf major.
    Niall Horan coming to the AMP in 2018

    Niall Horan coming to the AMP in 2018

    And Horan's bandmate Harry Styles started selling tickets in June 2017 for his two Madison Square Garden shows in June 2018. His latest single, " Too Much To Ask ", was co-written with long-time collaborator Jamie Scott.
  • Facebook opens a new AI research lab in Montreal

    Facebook opens a new AI research lab in Montreal

    She has published a number of studies on dialog systems and worked on a team that developed an intelligent robotic wheelchair . This is the fourth AI lab opened by Facebook. "They will now have an opportunity to do this right here in Montreal".
    Billy Joe Saunders v Willie Monroe Jr

    Billy Joe Saunders v Willie Monroe Jr

    Right after Monore Jr. brushed his hand on Stevie's head, the kid decided to make some contact of his own. Saunders had brought his son with him to the weigh-in before the event.
    Jamie Lee Curtis Will Return to the Halloween Franchise in 2018

    Jamie Lee Curtis Will Return to the Halloween Franchise in 2018

    But it's also a very strong statement to everyone that that while this new Halloween is a reboot, it's also a sequel. The latest film will be directed by David Gordon Green from a script he wrote with Danny McBride .
  • Angola Climbs a Place in FIFA Rankings

    Angola Climbs a Place in FIFA Rankings

    The Eagles' next World Cup qualifying opponents, Zambia, however improved in the rankings as they moved up 18 places to 78. The country trails three other Asian Football Confederation members: Iran (23rd), Japan (40th) and Australia (50th).
    Colin Kaepernick Named Week 1 NFLPA Community MVP

    Colin Kaepernick Named Week 1 NFLPA Community MVP

    However, he also spoke out about the protests begun by former San Francisco 49ers quarterback Colin Kaepernick . It's something I've definitely thought about.
    CNN anchor ends segment early over commentator's weird  'boobs' remark

    CNN anchor ends segment early over commentator's weird 'boobs' remark

    Of all the things you might have expected to get Travis kicked off of TV , it was boobs that ultimately did him in. Sarah Huckabee Sanders , the White House Press Secretary, called the tweet a " fireable offense ".