GUPTA-KPMG SCANDAL
Watchdog’s KPMG inquiry hears how auditor allegedly helped Guptas’ Linkway dodge R2m in tax
The R6.9m spent on accommodation for the lavish Sun City wedding was moved from operating expenditure to cost of sales, Irba’s audit investigator says
A former KPMG employee, Jacques Wessels, has been accused of dishonesty and of helping the controversial Gupta family commit tax evasion. Wessels, who was the lead partner for the nonlisted Gupta entities, is alleged to have ensured the family’s Linkway Trading dodged paying the South African Revenue Service (SARS) just more than R2m. Linkway Trading was allegedly used to channel R30m of taxpayers’ money to fund the infamous 2013 Sun City Gupta wedding, and is the subject of an inquiry by the Independent Regulatory Board for Auditors (Irba) disciplinary committee. Irba has laid six charges of misconduct against Wessels. The international auditing firm found itself embroiled in allegations of state capture after a tranche of Gupta e-mails were leaked to the media. Several senior executives resigned from KPMG in the wake of the Gupta scandal. Wessels resigned from KPMG in September 2017 after the firm decided to take disciplinary action against him. Irba audit investigator Janica Bosh...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.