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McKinsey Africa agrees to pay $122 million to resolve US bribery probe

( December 5, 2024, 17:56 GMT | Official Statement) -- MLex Summary: McKinsey Africa, a subsidiary of the US multinational strategy and management consulting firm, agreed to pay more than $120 million to resolve an investigation into a scheme to bribe government officials in South Africa in exchange for lucrative consulting contracts at multiple state-owned and state-controlled entities, the US Department of Justice said. The guilty plea of Vikas Sagar, a former senior partner of McKinsey, was unsealed along with the settlement.Statement follows below:...

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