Accounting firm KPMG’s Netherlands affiliate head Jurgen van Breukelen has resigned following a criminal investigation by Dutch authorities into possible tax evasion by a joint venture (JV), established to build a new headquarters.
KPMG’s board of management in the Netherlands chairman Breukelen said that he is leaving the firm to safeguard the interests of the firm, its clients and its employees, which have been damaged and need to be restored.
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"However, as long as the attention inside and outside our company is focused on me, rather than on the progress we are making in the process of change we are undergoing, KPMG will not be able to focus fully on its clients, its services and the turnaround we are making as an organization,"
The Supervisory Board, in close consultation with KPMG International, will nominate a candidate to fill the position of chairman of the board of management of KPMG Netherlands.
The Dutch public prosecutor said it had initiated a probe into a JV between KPMG and a developer over suspected tax fraud regarding the construction of its new Amstelveen headquarters.
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By GlobalData
