Private Equity

KPMG was a key witness as investment firm Abraaj unraveled

Investors have accused the Dubai-based private equity firm of using money from its funds for purposes that were not sanctioned

KPMG was a key witness as investment firm Abraaj unraveled

The unraveling of Abraaj Group, a once-high flying champion of emerging markets investing, is drawing attention to the role played by its auditor, a Middle East affiliate of KPMG.

KPMG International, the firm's global umbrella organisation, is now working with law firm Linklaters on an "independent investigation" of its Dubai-based affiliate's work for Abraaj, according to Brian Bannister, KPMG's London-based global head of communications.

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