The big four accountancy firm has stepped down with immediate effect due to concerns over EG’s governance and internal control, according to the Financial Times.

EG Group, which was co-founded by Zuber and Moshin Issa and now owns around 6,000 petrol stations globally, reportedly sent a note to bondholders informing them that KPMG had been appointed as its new auditor following the abrupt resignation of Deloitte after four years in post.