Firms dismiss fraud claims in Kebble book

Investec and KPMG are considering legal against the author of a book about Brett Kebble.

File picture: Brett Kebble. Picture: AFP

JOHANNESBURG - Claims contained in a new book about mining magnate Brett Kebble's financial dealings have been labelled as "unfounded" and "fictional".

Financial journalist Barry Sergeant accused Investec bank and auditing firm KPMG of covering up massive fraud amounting to R26 billion.

In 2005, Kebble was killed in an apparent assisted suicide in Melrose, north of Johannesburg.

He was on the brink of financial ruin as his business empire crumbled.

Investec denied ever being party to or having knowledge of any underhand dealings that Kebble may have been involved in.

KPMG is also distancing itself from the allegations.

The auditing firm's head of risk management Danie Van Heerden said, "The book is riddled with factual inaccuracies, unfounded allegations and inappropriate conclusions. It can be described as a work of fiction."

Both firms are considering legal action against the author.

Sergeant said he would welcome being sued.