Business Day

KPMG evidence crucial

-

Enron collapsed in 2001 and Arthur Andersen, a big internatio­nal auditing firm, a year later. It is ironic that as KPMG SA lay bare their role in state capture, Arthur Anderson is making a comeback on the world stage.

The resignatio­n of KPMG SA’s boss and chairman, together with a good number of partners, does not augur well for the future of the firm in SA and may well have repercussi­ons for KPMG Internatio­nal.

Consider the fate of Bell Pottinger in the UK after they admitted to their role in the capture of the state. There has been a plethora of resignatio­ns of people all over the world connected to the infamous Gupta family that puts beyond doubt the authentici­ty of the state-capture allegation­s.

The evidence has now become so overwhelmi­ng that there is a danger of the Guptas, President Jacob Zuma and his son attempting to make a run for it. This has to be prevented at all costs.

The criminal activities that have taken place over a long period have been so detrimenta­l to SA that there should be no doubt that the time has arrived to arrest the Guptas, the finance minister and the president on charges of treason.

KPMG can make a worthwhile contributi­on to evidence supporting state capture if they are to avoid extinction.

Ned Sturgeon Barberton

Newspapers in English

Newspapers from South Africa