KPMG auditor faces disciplinary hearing over work for Gupta-linked firm

File: KPMG has come under heavy criticism for work it did for Linkway Trading, which allegedly channelled taxpayers' money to fund a lavish Gupta wedding in 2013. Photo: Reuters / Mike Hutchings

Note: An earlier version of this story erroneously stated that KPMG was being referred to a disciplinary hearing.

JOHANNESBURG – The Independent Regulatory Board for Auditors has referred an auditor from KPMG South Africa to a disciplinary hearing.

It follows an investigation into the work the company did for Linkway Trading, a project management firm linked to the Gupta-owned Oakbay group, allegedly used to get lucrative tenders.

KPMG came under heavy criticism in 2017, for the role it played in the audit of Linkway Trading, which was allegedly used to channel taxpayers’ money to fund a lavish Gupta wedding in 2013.

The auditing sector regulator said if found guilty, the KPMG employee could face sanctions in terms of the Auditing Professions Act.

READ: More troubles for KPMG

KPMG denied allegations it was involved in or overlooked any money laundering activities linked to its former clients.

Preparations for the disciplinary hearing of the auditor are currently underway.

It comes as an SA Institute of Chartered Accountants' (Saica) inquiry into its members who did work for KPMG in connection with Linkway Trading kicked off a week ago. 

The inquiry will look at work done by the audit firm for the Guptas from January 2013 to September last year.




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