Se­nior KPMG part­ner suc­cumbs to greed

The Citizen (KZN) - - LETTERS -

One would ex­pect ed­u­cated peo­ple would serve to up­lift the peo­ple, in­stead of seek­ing self-en­rich­ment, writes

GTed O’Con­nor.

reed is the most in­flu­en­tal of the deadly sins; it is over­pow­er­ing, as can be seen in the saga of the col­lapsed VBS and sto­ries of bla­tant thiev­ing tak­ing place.

It seems Floyd Shivambu’s brother was the re­cip­i­ent of il­le­gal tak­ings of R16 mil­lion – but more dis­turb­ing is the tale of Sipho Mal­aba, a se­nior part­ner of KPMG, who, de­spite his train­ing and knowl­edge of mer­can­tile law, suc­cumbed, be­hav­ing no dif­fer­ently than the other mis­cre­ants.

It would ap­pear he for­got one of his ear­li­est lessons: trac­ing fraud would be “al­ways fol­low the money” – and for­tu­nately for­got to cover his tracks.

Now his ca­reer has come to an end with a crim­i­nal charge pend­ing.

One would ex­pect ed­u­cated peo­ple would serve to up­lift the the peo­ple, in­stead of seek­ing self-en­rich­ment.

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