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‘March, 2003’

KPMG and the Marcos Money Trail

KPMG and the Marcos Money Trail

Multinational Monitor, March 2003

AT A TIME WHEN THE INTEGRITY of global accounting firms is being questioned, the U.S. Securities and Exchange Commission (SEC) and Justice Department are looking into charges that KPMG Zurich, a division of the international audit company, helped Credit Suisse hide hundreds of millions of dollars looted by the late Philippine dictator Ferdinand Marcos.

A KPMG spokesperson confirmed the investigation.