Parliament’s medical aid cuts ties with KPMG

Parliament’s medical aid cuts ties with KPMG

Parliament has confirmed that its medical aid scheme for Members of Parliament (MPs) has cut all ties with disgraced auditing firm KPMG.

Parmed is the medical aid offered to all MPs in both the National Assembly and the National Council of Provinces (NCOP). Judges and members of provincial legislatures also make use of its services. learned from that the Parmed board which is chaired by the Deputy Speaker of the National Assembly Lechesa Tsenoli held meetings last week and decided to end its association with KPMG with immediate effect.

READ ALSO: Pravin Gordhan gives his reasons behind state capture during KPMG debate

KPMG was forced to admit that it had conducted itself improperly in regards to its business dealings with the controversial Gupta family. The auditing firm has lost clients such as Hulisani and Sasfin. Business Leadership South Africa (BLSA) suspended KPMG’s membership pending an investigation.

The Democratic Alliance (DA) submitted KPMG’s statement about their business dealings with the Gupta family and Gupta-linked businesses to the Hawks. The opposition party hopes that the statement will help the Hawks with its investigation into allegations of state capture.

KPMG South Africa retracted its report about a “rogue unit” operating within the South African Revenue Services (SARS) on the 15th of September, its entire senior management team resigned on the same day.

KPMG’s global chairperson John Veihmeyer issued an apology for the failures of its South African operations.

Parliamentary officials are discussing ways to terminate a second contract with KPMG.

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