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KPMG investigated by South African regulator

South Africa regulator, the Independent Regulatory Board for Auditors (IRBA) has announced earlier this month that it would launch an investigation into KPMG’s 2014 audit of Linkway Trading (Pty), a company owned by the Gupta family who has allegedly used government funds to pay for the wedding of one of the family members.

KPMG ended its 15-year relationship with Linkway Trading in 2015, but IRBA said it would not prevent the investigation to take place.

IRBA CEO Bernard Agulhas said: “While we have not received a formal complaint, we have nevertheless initiated our own probe into the audit of Linkway Trading by KPMG for its audit in 2014. It is important that we take seriously allegations in the public domain, which are in the public interest.”

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