CosmicTaco

McKinsey Africa to Pay $122 Million in Bribery Case

CosmicTaco · 2024-12-06T09:08:44.532731+05:30

- McKinsey Africa will pay $122 million to settle a U.S. investigation into a bribery scheme in South Africa. - The company admitted to paying bribes to officials at Eskom and Transnet for insider information on consulting contracts. - McKinsey Africa entered a three-year deferred prosecution agreement and has implemented anti-corruption training for employees. Source: [Reuters](https://www.reuters.com/world/africa/mckinsey-africa-pay-122-million-south-africa-bribery-scheme-us-justice-dept-says-2024-12-05/)

McKinsey Africa will pay $122 million to settle a U.S. investigation into a bribery scheme in South Africa.
The company admitted to paying bribes to officials at Eskom and Transnet for insider information on consulting contracts.
McKinsey Africa entered a three-year deferred prosecution agreement and has implemented anti-corruption training for employees.

Source: Reuters