Vikas Sagar

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 …

McKinsey Africa U.S. Department of Justice Vikas Sagar South African National Prosecuting Authority Transnet +1 more mckinsey south-africa state-capture bribery corruption +5 more

McKinsey Agrees to Repay $74 Million to South Africa's Eskom After State Capture Scandal

2018-07-06 00:00:00 +0000 UTC | Importance: 8/10

McKinsey & Company reaches a settlement with South African power utility Eskom Holdings and a unit of the prosecuting authority, agreeing to return approximately R1 billion ($74 million) in fees earned on work for the electricity producer. Eskom had asked McKinsey to pay back the funds the …

McKinsey & Company Eskom South Africa Gupta Family Jacob Zuma +4 more mckinsey south-africa state-capture corruption gupta-family +2 more