KPMG cooperating with MTA on probe of former transit official

KPMG said it has been cooperating with authorities on an investigation of a former official at New York’s Metropolitan Transit Authority who has been accused of steering work to the Big Four firm.

The New York Post reported Monday that Angel Barbosa, former chief procurement officer at the MTA, was under investigation in a suspected bribery scheme in which he was allegedly seeking favors for awarding contracts to KPMG for working on its budget and cost cutting.

Barbosa was fired March 8 and escorted out of the office by security, according to the Post. He did not respond to a request for comment.

KPMG said it is cooperating on the investigation. "KPMG is committed to the highest standards of professionalism and integrity” said KPMG spokesman Manuel Goncalves. “We are cooperating fully with the MTA investigation, but otherwise cannot comment on an active investigation. The conduct alleged, if true, is contrary to the KPMG's Code of Conduct and is not tolerated by the Firm."

John Taggart/Bloomberg