SOUTH AFRICA: MCKINSEY TO REPAY $44 MILLION IN CORRUPTION PROBE

On 11 December, KYC 360 reported that McKinsey & Co is to repay $44 million for contracts it had with South African Airways and state logistics company Transnet., as it seeks to clear its name in the country.  It was associated with the Gupta family, some of whom have refused to return to South Africa from Dubai to face corruption charges.  McKinsey is one of a number of international companies caught up in South African probes mainly targeting firms doing business with state entities.

https://www.riskscreen.com/kyc360/news/south-african-graft-probe-mckinsey-to-repay-44-million-testify/

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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