KPMG Manager Charged with Bribery

Hong Kong's Independent Commission Against Corruption has charged a senior manager at KPMG with bribery in connection with the controversy hounding Hontex International Holdings, says the South China Morning Post.

 

KPMG was the auditor of the Fujian sports clothing firm, notes the Post.

 

Quoting the ICAC, the newspaper says Leung Sze-chit, a senior manager at KPMG Hong Kong, offered a HK$100,000 bribe to a subordinate "as a reward for preparing the accountant's report for the global offering of Hontex."

 

In a statement obtained by the Post, KPMG states it received information about the alleged bribe paid by Leung through its internal whistle-blowing system.

 

Read more on

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern