South Africa: UK Audit firm launches new arms deal probe

South African politicians and businessmen who pocketed R1-billion from the arms deal are set to be named in a new investigation by Britain's auditing watchdog. The Accountancy and Actuarial Discipline Board (AADB) is to investigate KPMG, which advised BAE Systems on offshore companies that were used to pay 'commissions' to influence the awarding of lucrative contracts in South Africa's R47.4-billion defence procurement package.