KPMG sued for R863m over VBS debacle Audit firm accused of negligence in failing to detect huge fraud PREMIUM By Warren THompson - 26 February 2021
KPMG SA is facing a nearly R1bn lawsuit from the liquidator of VBS Mutual Bank, citing the auditor’s negligence in failing to detect a fraudulent scheme and theft that led to the collapse of the bank.
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Markus Schreiber/The Associated Press
A key parliamentary committee has voted to call VFS Global, the company that runs Canada’s visa application centres abroad, to answer questions regarding Chinese police ownership of the facility in Beijing.
The House of Commons committee on citizenship and immigration unanimously agreed to adopt a motion from NDP immigration critic Jenny Kwan on Wednesday asking VFS to appear no later than Feb. 24.
Lockheed set to integrate base kit for US Army’s combat vehicle protection system February 16
The U.S. Army and Lockheed Martin will begin integration and testing of the company s base kit controller and processor for future vehicle protection systems for Abrams tanks, Bradley Infantry Fighting Vehicles, Armored Multi-Purpose Vehicles and Stryker combat vehicles. (Courtesy of the U.S. Army) WASHINGTON Under a recent contract award with a $30 million ceiling, Lockheed Martin will begin integrating and formally testing its open-architecture processor designed to control the U.S. Army’s future combat vehicle protection system, the company announced Feb. 16. The Army is determining the specific plans and schedules for integration and testing of Lockheed’s base kit for its Modular Active Protection System, or MAPS, that ties vehicle sensors and countermeasures into a common framework to detect, track and destroy rocket-propelled grenades and anti-tank guided missiles aime
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