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McKinsey pays $190m to resolve probes into South Africa bribes

Stephen Foley

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New York | McKinsey has agreed to pay $US122 million ($190 million) to authorities in the US and South Africa over its role in a sprawling corruption scandal during the administration of former South African president Jacob Zuma.

The consulting group paid bribes to win millions of dollars of consulting work with South African state-owned companies between 2012 and 2016, according to a deferred prosecution agreement announced by the US Justice Department on Thursday (Friday AEDT) and a statement by South Africa’s National Prosecuting Authority.

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Financial Times

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