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| Version 1 | Version 2 |
|---|---|
| Four KPMG partners in Belfast arrested in HMRC tax evasion investigation | Four KPMG partners in Belfast arrested in HMRC tax evasion investigation |
| (35 minutes later) | |
| Four partners at the Belfast office of KPMG have been arrested in connection with suspected tax evasion. | Four partners at the Belfast office of KPMG have been arrested in connection with suspected tax evasion. |
| HMRC officials visited the accountancy firm's city centre office yesterday and detained the men. | HMRC officials visited the accountancy firm's city centre office yesterday and detained the men. |
| They are Jon D'Arcy, Eamonn Donaghy, Arthur O'Brien and Paul Hollway, the firm's most senior staff in Northern Ireland. | |
| KPMG said it is cooperating with the investigation and the four men have been placed on "administrative leave". | KPMG said it is cooperating with the investigation and the four men have been placed on "administrative leave". |
| The firm added that it does not have "any indication that this investigation relates to the business of KPMG or the business of our clients". | The firm added that it does not have "any indication that this investigation relates to the business of KPMG or the business of our clients". |
| Directors | |
| Mr Donaghy is KPMG's head of tax in Belfast and has been heavily involved in the campaign to have corporation tax powers devolved to the Northern Ireland Executive. | Mr Donaghy is KPMG's head of tax in Belfast and has been heavily involved in the campaign to have corporation tax powers devolved to the Northern Ireland Executive. |
| Mr Hollway is the firm's head of corporate finance in Ireland. | Mr Hollway is the firm's head of corporate finance in Ireland. |
| Aside from their KPMG roles, the four men are directors in a property investment company called JEAP Ltd. | Aside from their KPMG roles, the four men are directors in a property investment company called JEAP Ltd. |
| It made heavy losses when the property market crashed in 2008. | |
| It is not clear if that forms part of the HMRC investigation. | It is not clear if that forms part of the HMRC investigation. |