The CEO of KPMG has confessed that the auditing firm should have resigned from the Gupta companies earlier than March 2016. This cynical admission is in stark contrast to KPMG’s ongoing association with the corrupted JCI, even though KPMG is conflicted and JCI has failed to publish its annual financial statements since 2011. KPMG should resign forthwith. During October 2005, one month after Brett Kebble’s death, the Investec-constituted boards of JCI and Randgold & Exploration appointed KPMG (Investec’s auditors) as the auditors to both companies, as well as the forensic accountants to JCI. During March 2006, Randgold’s own independent forensic accountants incontrovertibly proved that Kebble/JCI had stolen the bulk of Randgold’s listed shares. The directors of Randgold withheld this report from Randgold shareholders for more than two years. In May 2006, the CEO of JCI and a partner of KPMG representing JCI misrepresented the above fraud to the Scorpions. During June 2006, KPMG was a...
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