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Friday, January 3, 2025
Volume:
41
Issue:
1
Abstract:
On December 5, 2024, McKinsey and Company Africa Ltd., a subsidiary of McKinsey & Company, agreed to pay over $122 million to settle a bribery investigation regarding schemes orchestrated between 2012-2016 to bribe South African government officials. The fine was part of an agreement to dismiss the pending bribery charges against McKinsey so long as the corporation upholds its part of the deal. This fine comes shortly after Vikas Sagar, a former senior partner at McKinsey, pleaded guilty to violating an anti-corruption law.[1]