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Kgosana: I attended Gupta wedding at my own expense

Moses Kgosana resigned as a board member at Alexander Forbes after he was implicated in the so-called Gupta leaks.

FILE: Moses Kgosana. Picture: Twitter

JOHANNESBURG - Former KPMG CEO Moses Kgosana says that he attended the Gupta wedding at Sun City in 2013 at his own expense and has refuted claims that he had known about where the funds for the ceremony came from.

On Monday, Kgosana resigned as a board member at Alexander Forbes after he was implicated in the so-called Gupta leaks, where he apparently thanked Atul Gupta in an email for inviting him to the wedding.

Kgosana was due to assume the position of chairperson of the insurance company next month.

An investigation by amaBhunganeand Scorpio has revealed that KPMG failed to raise alarms about R30 million that was allegedly diverted to pay for the wedding under Kgosana’s leadership.

Kgosana says he has proof that he spent his own money at the wedding.

“I can produce a receipt from the Sun City, where I paid for myself. Then I can send it back to KPMG to reimburse me for this cost.”

Kgosana adds that he sees nothing wrong with his email to Atul Gupta, describing his relationship with the family as a professional one and says that he wasn’t pushed to step down.

“I received an invitation, together with my colleagues, to attend the wedding. I accepted… and I attended it. Therefore, writing to them in that way, it could’ve been an email that I'd sent to the CEO of Standard Bank or Nedbank… so, for me, there’s nothing wrong with that.”

Meanwhile, the Independent Regulatory Board for Auditors is investigating Kgosana and has also given KPMG an opportunity to respond to allegations of money laundering.

The regulatory board’s CEO Bernard Agulhas says: “We’ve already contacted Mr Kgosana to inform him that we’ll have to investigate his conduct. But we haven’t, to date, had a response from Kgosana. We only issued a letter on Friday.”

(Edited by Zamangwane Shange)