Moses Kgosana refutes Gupta ‘lapdog’ claims, quits Imperial post
The former KPMG CEO has stepped down as Imperial’s audit committee chairman in light of the investigation into auditing firm.
JOHANNESBURG - Former KPMG CEO Moses Kgosana has denied that he was ever a Gupta “lapdog” and insists that his relationship with the family was strictly professional.
Kgosana has on Thursday stepped down as Imperial’s audit committee chairman in light of the investigation into KPMG, where he was the previous CEO and senior partner.
The auditing firm has been accused of syphoning taxpayer’s money away from a Free State agriculture project to instead fund the lavish Gupta family wedding.
Kgosana appears to have been “haunted” by his relationship with the Guptas after being exposed in the leaked emails for questionable behaviour while he was CEO of the auditing firm.
Since then, he’s quit his position as chair at Alexander Forbes, and on Thursday announced his resignation from Imperial.
Kgosana says this is part of good governance but emphasises that the matter is still under investigation and that the allegations are based purely on a newspaper article.
He’s denied that he’s a Gupta lapdog or that he advised the family, saying the relationship was professional.
Kgosana also pointed out that he is not being investigated by the Independent Regulatory Board for Auditors but will co-operate if it is required because he has nothing to hide.
At the same time, KPMG has suffered another shock to its reputation with the announcement that the Institute of Directors has temporarily suspended all co-branded activities with the firm.
LISTEN: Alexander Forbes board accepts Moses Kgosana's resignation