PracticeAccounting FirmsDeloitte still awaiting Apartheid claim

Deloitte still awaiting Apartheid claim

The chief executive of Deloitte in South Africa says the firm has 'received nothing' from lawyers believed to be preparing a claim against three of the Big Four, over alleged apartheid-era abuses.

Link: Top firms to face massive apartheid lawsuits

In January the Observer reported that Edward Fagan, the well-known US lawyer, was preparing lawsuits in US, British and South African courts against Deloitte, PwC and KPMG, alleging that the firms had failed in their duty as auditors to stop companies from illegally withholding pension payments owed to their black employees.

But Deloitte CEO Vassi Naidoo told AccountancyAge.com the firm had received no communication on the matter. ‘We have received nothing,’ Naidoo said.

He added that Deloitte ‘totally denied any wrongdoing’ and called any such claims ‘totally outrageous’ and ‘spurious’.

KPMG and PwC also reject the accusations.

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