Claims accountancy giant destroyed documents
New allegations have been published about an accountancy firm with links to the Isle of Man.
It relates to an ongoing tax investigation by the CRA (Canada Revenue Authority).
The CBC news organisation is reporting documents have been destroyed, despite the Department of Justice demanding KPMG preserved all records.
It claims a group of offshore shell companies set up by the accounting giant and registered in the Island held an extraordinary meeting and voted to destroy documents related to the probe.
The DOJ notice did not specifically mention maintaining records outside of Canada.
Records show most of the KPMG-linked shell companies involved in the offshore scheme began dissolving one by one after the CRA launched its probe in 2012.
Plantation Island, Sandy Point, First Land and General Island all began the process of liquidating in October 2012.
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