KPMG notes the ICAC press release today (Friday 7 May 2010) reporting that an additional charge has been laid against a member of its staff of allegedly accepting an advantage.
KPMG wishes to emphasise again that the alleged payment was in fact reported through KPMG's internal hotline. After investigation, the member of staff in question was suspended by KPMG and a report was then made by KPMG to the relevant authority. KPMG has been, and continues, to co-operate fully with the authorities.
KPMG prohibits payments of any kind to its staff which is strictly against the firm's rules and procedures.
KPMG takes its responsibilities to shareholders and the maintenance of well-regulated capital markets very seriously and places paramount importance on compliance with all relevant laws and regulations.
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