VBS liquidators are going after KPMG SA to try and recover some of the funds lost in large-scale fraud that the firm’s auditors failed to report. Photo: Getty Images
- VBS liquidator Anoosh Rooplal isgoing after KPMG SA to try to recover some of the funds lost in large-scale fraud that the firm’s auditors failed to report.
- They filed summons at the Johannesburg High Court on Tuesday.
- The summons shows that KPMG lead audit partner on the VBS account Sipho Malaba was severely conflicted when he took on the account.
Liquidator of the defunct VBS Mutual Bank,Anoosh Rooplal is suing KPMG SA for R863.6 million plus interest for signing off the bank’s 2017 financial statements as correct when there were material statements and fraud that…
Read the full article at: https://www.news24.com/fin24/Companies/Banks/vbs-liquidators-sue-kpmg-sa-for-r863m-after-it-signed-off-on-fraudulent-financials-20210224