Exposed! Magda Wierzycka unpacks fresh evidence linking KPMG to dirty Gupta deals

EDINBURGH — Sygnia CEO Magda Wierzycka fired KPMG as her group’s auditors earlier this year. The move was a sign of protest against those in business who ignore corruption. But, in the months following the uncomfortable meeting between Wierzycka and the KPMG team, it has become apparent that KPMG professionals have done far more than turn a blind eye to graft. KPMG has been deeply involved in aiding and abetting state capture and corruption. It has willingly acted as a political tool for President Jacob Zuma’s corrupt clique. @Magda_Wierzycka has developed a large public following for being the first business leader to take a stand against corrupt corporates. As more emails from the Gupta empire become available in the public domain, Wierzycka has uncovered fresh evidence that KPMG employees have worked hand-in-glove with Gupta associates. The emails reveal that the culture of graft is deeply entrenched at KPMG and that KPMG employees should face charges alongside Gupta associates for crimes that have destroyed the fabric of South Africa. – Jackie Cameron

So KPMG was well-aware of the reputation issues swirling around their favourite client? And yet they stayed on as auditors/advisors. ? pic.twitter.com/rBlQkEsg7r

— Magda Wierzycka (@Magda_Wierzycka) November 9, 2017

If anyone is confused about how helpful KPMG was ….dodgy structures in Dubai. https://t.co/zupPA9IVYS pic.twitter.com/fOB6E5slBD

— Magda Wierzycka (@Magda_Wierzycka) November 9, 2017

By Thulasizwe Sithole

At the request of the SA Parliament’s Portfolio Committee on Public Enterprises, documents from the incriminating #GuptaLeaks have been made publicly available online.

Published by the Platform for the Protection of Whistleblowers in Africa (PPLAAF), a selection from hundreds of thousands of emails, documents and invoices is there for everyone to see, neatly divided into easily searchable sections.

The site crashed earlier today as South Africans dived into the data base containing evidence of the individuals and companies involved in the state capture scandal that has put a lid on economic growth and exacerbated racial tensions.

Sygnia CEO Magda Wierzycka

Among those to scour the emails is Magda Wierzycka, the South African entrepreneur who founded the Johannesburg-listed Sygnia Group.

Wierzycka cut a lonely figure in taking a public stand against corrupt corporates. But she has been increasingly joined by other business leaders as it becomes apparent that corruption runs deep and wide across commerce and industry as well as government.

She has uncovered some documents that lend weight to suspicions that KPMG did far more than turn a blind eye to moneylaundering and tax dodging in the books of Gupta-linked entities.

KPMG employees knew exactly who they were working for and facilitated Gupta plans to siphon billions out of state organisations.

Don’t you love how bribery of the Guptas was legitimized in “commission” agreements? Where were the auditors? Oops, forgot. At the wedding. pic.twitter.com/PjMw7Ujdug

— Magda Wierzycka (@Magda_Wierzycka) November 10, 2017

PPLAAF says the site will be accessible for the next 10 days, so no time to tarry. The link to this veritable treasure chest is: https://pplaaf.in/gleaks/

We’ll happily publish the best contributions from this investigative journalism crowdsourcing project on Biznews.

Help South Africa #JoinTheDots on state capture and corruption. Send your contributions to alec@biznews.com.