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McKinsey Pays $73 Million Final Settlement to South Africa in State Capture Resolution

2024-12-06 00:00:00 +0000 UTC | Importance: 8/10

South Africa’s National Prosecuting Authority (NPA) claws back R1.1 billion (approximately $73 million) from McKinsey & Company and its subsidiary McKinsey South Africa through a Corporate Alternative Dispute Resolution process, representing a final settlement of the state capture scandal. …

McKinsey & Company South Africa National Prosecuting Authority U.S. Department of Justice McKinsey South Africa Eskom +1 more mckinsey south-africa state-capture corruption settlement +3 more

McKinsey Africa Agrees to Pay $122 Million Settlement for Bribery of South African Officials

2024-12-05 00:00:00 +0000 UTC | Importance: 8/10

McKinsey Africa enters into a three-year deferred prosecution agreement with the U.S. Department of Justice, agreeing to pay more than $122 million (approximately R2.2 billion) to resolve criminal charges for conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act. The …

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