.jpg)
What Investec and Peter Gray knew and lied about in South Africa's second-biggest corporate fraud on record.
Yet again, we return to the subject: the strategies employed by Investec and its auditors KPMG with the help of Peter Gray to avoid being held accountable for Investec’s role in – and as a major beneficiary of – Brett Kebble’s theft of shares worth billions from Randgold, a company that Kebble directed.
To protect themselves, Investec and KPMG have jointly contrived to ensure that JCI never produced legally compliant audited annual accounts, as these would have to reflect a massive contingent liability to Randgold, and expose Investec and its appointed directors to huge damages claims, liquidation and possible criminal prosecution.
Like to see more ?

Subscribe to our on-line edition !
For a mere R305.00 per year you get the convenience of our online version including:- Twelve monthly issues of Noseweek delivered to your browser
- A searchable archive
- Access to every back issue since 1993 !
- A downloadable PDF version
If it’s just the article you are after, you can purchase it by clicking here.
Tempted ?
For a taste of what awaits you, you are welcome to browse this free issue.
Please support Noseweek and this author