Belfast Telegraph

Four retire from KPMG after tax investigation

By Margaret Canning

Four partners at accountancy firm KPMG have "retired" from the practice after an investigation into their tax affairs by HMRC.

KPMG confirmed that the four partners - Paul Hollway, Eamonn Donaghy, John D'Arcy and Arthur O'Brien - had now left the practice after administrative leave.

But the firm yesterday refused to give details of any financial packages the men had received under the terms of their departure.

They have been on leave since November after being arrested by HMRC and searches carried out at their homes and offices.

It's understood the four were being investigating over the tax affairs of their property company, JEAP Ltd.

A spokesman for the firm's Dublin head office said: "Four partners located in the Belfast office of KPMG, who are currently subject to an investigation by HMRC into their personal affairs, have now retired following a period of administrative leave."

He added: "The firm has co-operated fully with the HMRC investigation, which relates solely to the personal affairs of the four individuals and is not related to the firm's business or the business of its clients."

The four partners are well-known in the business world. Eamonn Donaghy leads Grow NI - a business organisation which has long campaigned for devolving corporation tax to the Northern Ireland Assembly.

Belfast Telegraph