KPMG has been linked to auditing the Gupta companies and provided auditing services to Tongaat Hulett which is currently placed under business rescue.

SAFM | Beyond The Headline

In a new development, KPMG has signed a confidential settlement with VBS Mutual Bank. KPMG was linked to VBS Mutual Bank for signing off on fraudalent transactions to the tune of R846 million. KPMG was listed as the auditor of the VBS Mutual Bank. Our next guest has criticized the secret settlement and said it is a disservice to those affected by the corruption that took place at the defunct financial institution. Matthew Parks – (Acting) National Spokesperson of COSATU and Michael Marchant – Head of Investigations at Open Secrets tell us more about their call for transparency.