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McKinsey unit will pay $123M to settle claims it bribed South African officials
The scheme to bribe two South African state-controlled companies helped McKinsey and McKinsey Africa net approximately $85 million in profits, the DOJ said.
This photograph shows a logo of American multinational corporation McKinsey & Company on the first day of the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 26, 2024. 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, the U.S. Department of Justice said Thursday. "McKinsey Africa engaged in a serious and long-running bribery scheme to secure contracts by corrupting government officials," Chad Yarbrough, assistant director of the FBI Criminal Investigative Division, said in the press release.
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