×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Atul Gupta handed KPMG partners a confidential letter that Glencore had sent to Eskom and asked them to draft a response for then Eskom CEO Brian Molefe to sign, Bloomberg reported on Thursday. In a detailed feature, giving all the background about the state-capture scandal, light is shed on why KPMG dropped JSE-listed Oakbay and other companies associated with the Guptas as clients. In September 2015 — a few months before Glencore sold Optimum colliery to the Gupta family’s Tegeta — “Gupta asked KPMG to draft a response for Molefe’s signature, making it clear the utility would never make peace with Glencore”. An anonymous source who was present at the meeting told Bloomberg that the KPMG partners refused to draft the letter, but they also failed to alert their superiors or any government agency to the underlying activity. “Atul’s possession of the internal Eskom letter should have been enough to sever the relationship — it was like an atom bomb,” the anonymous KPMG insider told Blo...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.