Tagged: Eskom

Lessons Learned from McKinsey’s FCPA Enforcement Action — Local Partners and Third Parties (Part III of III)

Deja Vu all over again — Yogi Berra Yogi Berra said it best — we have seen this scenario before, with similar parties — corrupt foreign officials from Eskom (and Transnet), local partner requirements resulting in engagement of unqualified businesses, and corrupt third parties who assist the bribery scheme in exchange for a cut of the action.  This is a familiar set of facts, and...

McKinsey Company Pays $122 Million to Resolve FCPA Violations in South Africa (Part I of III)

On December 5, 2024, DOJ announced a settlement with McKinsey and Company for $122 million for bribes paid to South African government officials to secure valuable consulting contracts. Between 2012 to 2016, McKinsey Africa, acting through former senior partner Vikas Sagar, who plead guilty in 2022, conspired to pay bribes to high-ranking officials at two South African state-owned enterprises: Transnet SOC Ltd., which was the...