THE SENIOR KPMG partner fired over allegations of insider trading spoke out yesterday, apologising for actions that lost his former firm two high-profile US audit contracts.
Scott London issued a statement insisting that KPMG had “nothing to do” with him leaking inside information over the course of several years, to an acquaintance who then used it to trade shares.
“Never once did I pass any documents to him, but rather we spoke on the phone and the information I provided was in the form of a suggestion,” said London.
The Wall Street Journal quoted London as saying he knew the person from his golf club. US authorities are investigating.