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KPMG, former partner, get multi-million pound fine for Silentnight failings

( August 5, 2021, 09:27 GMT | Official Statement) -- MLex Summary: KPMG must pay a fine of 13 million pounds, plus 2.75 million pounds in legal costs, after an independent tribunal found misconduct over its dealings with the sale of bed retailer Silentnight. The audit giant and a former partner have been severely reprimanded for conflicts of interest in advising both Silentnight and the proposed acquirer — a private equity company — with the tribunal commenting that KPMG's involvement with the company was "deeply troubling."Statement follows ...

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