Four senior executives from the Belfast office of international accountancy firm KPMG have been arrested in connection with suspected tax evasion.
In a press release, KPMG acknowledged that four of its top executives in Northern Ireland were arrested.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
"Pending further information and enquiry, we can confirm that four partners in our Belfast office are on administrative leave. As the matter is ongoing, KPMG is not in a position to make any further comments at this stage," the statement read.
The four men who were charged and released are Jon D’Arcy, chairman of KPMG in Northern Ireland; Eamonn Donaghy, the senior tax partner Belfast; Paul Hollway, head of the firm’s Irish corporate finance business; and Arthur O’Brien, a senior partner.
The four men are directors in JEAP Ltd, a property investment company, which is believed to have made heavy losses in the 2008 property market crash.
It is understood that one focus of the investigation is the activities of JEAP. British UK tax officials have reportedly requested documents from C&H Jefferson, the law firm that represents JEAP.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
