The scheme to bribe two South African state-controlled companies helped McKinsey and McKinsey Africa net approximately $85 million in profits, the DOJ said.
A McKinsey & Company subsidiary agreed to pay nearly $123 million to resolve an investigation into a scheme to bribe government officials in South Africa, the U.S. Department of Justice said.
A subsidiary of top global consulting firm McKinsey & Company agreed to pay nearly $123 million to settle claims that it bribed government officials in South Africa, theFederal prosecutors also unsealed a 2022 guilty plea by Vikas Sagar, a former senior partner at McKinsey who worked in the subsidiary's South Africa office.U.S. District Court for the Southern District of New York, to one count of conspiracy to violate the Foreign Corrupt Practices Act.
Family bought an abandoned train car from 1909 for $3,000 and turned it into an Airbnb that brings in over $90,000 a year—take a look insideMcKinsey Africa has entered into a three-year deferred prosecution agreement with the DOJ related to a criminal charging document, called an information, charging McKinsey Africa with one count of conspiracy to violate the anti-bribery provisions of the FCPA, prosecutors said.
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