McKinsey & Co. sign in Bucharest, Romania. Credit: Jerry Michalski via Wikimedia CommonsMcKinsey Subsidiary to Pay Nearly $123 Million to Settle US Investigation Into South Africa Bribery Case
“McKinsey welcomes the resolution of these matters and the closure of this regretful situation,” a spokesperson with McKinsey Africa said in a statement.
December 06, 2024 at 03:30 PM
2 minute read
A subsidiary of global consulting group McKinsey will pay more than $122 million to resolve a U.S. investigation into a scheme to bribe South African officials that netted the company some $85 million in profits, the Justice Department announced Thursday.
McKinsey Africa entered into a three-year deferred prosecution agreement in connection with charges filed in the Southern District of New York. Prosecutors alleged the company conspired to violate anti-bribery provisions of the Foreign Corrupt Practices Act.
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