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[May 13, 2014]
KPMG's Dutch head out amid tax fraud probe
(City A.M. (UK) Via Acquire Media NewsEdge) THE HEAD of KPMG in the Netherlands resigned yesterday, the accounting firm said, less than a month after authorities launched a criminal investigation into alleged tax fraud at a venture it set up to build a new Dutch headquarters.
Jurgen van Breukelen, who was in the role for less than two years, said he was stepping down to enable the company to break from "the recent past of misjudgments and errors".
Last month, Dutch authorities said they had launched a criminal investigation into the joint venture between KPMG and a project developer, including the role of two unidentified executives.
It is the second time in less than a year that authorities have investigated alleged wrongdoing at the Dutch operations of KPMG.
In December, KPMG said prosecutors had been investigating three former accountants at KPMG Accountants NV and that it had settled with authorities for €7m (£5.7m) A KPMG spokesman said Van Breukelen was not among those people being investigated, but that one was a former KPMG partner.
(c) 2014 City A.M.
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