An African subsidiary of the consulting firm McKinsey & Company Inc. will pay a criminal penalty of more than $122 million to resolve a U.S. Justice Department investigation into a yearslong scheme to bribe South African government officials, U.S. authorities said Thursday.

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McKinsey subsidiary will pay $122M for scheme to bribe South African officials, US says

McKinsey Africa pays $122 million penalty for bribing South African officials, enters deferred prosecution agreement with Justice Department

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An African subsidiary of the consulting firm McKinsey & Company Inc. will pay a criminal penalty of more than $122 million to resolve a U.S. Justice Department investigation into a yearslong scheme to bribe South African government officials

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WASHINGTON (AP) — An African subsidiary of the consulting firm McKinsey & Company Inc. will pay a criminal penalty of more than $122 million to resolve a U.S. Justice Department investigation into a yearslong scheme to bribe South African government officials. The Justice Department says the scheme involved bribes to officials with South Africa’s state-owned and state-controlled custodian of ports, rails, and pipelines, as well as its state-cont…

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The scheme to bribe two South African state-controlled companies helped McKinsey and McKinsey Africa net approximately $85 million in profits, the DOJ said.

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McKinsey unit will pay $123 million to settle claims it bribed South African officials

WASHINGTON (AP) — An African subsidiary of the consulting firm McKinsey & Company Inc. will pay a criminal penalty of more than $122 million to resolve a U.S. Justice Department investigation into a yearslong scheme to bribe South African government officials, U.S. authorities said Thursday. The scheme involved bribes to officials with South Africa’s state-owned…

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The National Prosecuting Authority has announced that it reached a landmark agreement with McKinsey South Africa, which will pay R1.1 billion for its role in state capture.

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News24 | McKinsey to pay SA over R1bn for its role in state capture

McKinsey's Africa division was under investigation for its involvement in a bribery scheme between 2012 and 2016.Fabrice Coffrini/AFP via Getty ImagesConsulting firm McKinsey has agreed to pay over $122 million to settle bribery claims.The plan earned McKinsey and McKinsey Africa profits of about $85 million, the US DoJ said.A former senior partner at the firm's Africa division pleaded guilty to a conspiracy charge.McKinsey has agreed to pay mor…

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McKinsey agrees to pay $122 million to settle South African bribery charges in the US

[SAnews.gov.za] The National Prosecuting Authority (NPA) has secured a resolution with infamous multinational company, McKinsey South Africa, to pay back some R1.1 billion to state coffers for its role in State Capture.

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South Africa: NPA Reaches Resolution With Mckinsey South Africa to Repay R1bn

McKinsey & Company Africa Limited will pay more than $122 million to end a federal investigation into alleged bribery of South African officials from 2012 to 2016, federal prosecutors announced Thursday.

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McKinsey & Company to pay $122 million to settle South African bribery case

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McKinsey subsidiary will pay $122M for scheme to bribe South African officials, US says

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