Want to create an interactive transcript for this episode?
Podcast: Corruption Crime & Compliance
Episode: McKinsey & Company Pays $122 Million to Resolve FCPA Violations in South Africa
Description: What went wrong when McKinsey paid bribes to secure consulting contracts with South Africa's state-owned enterprises? In this episode, Michael Volkov dives into the December 2024 DOJ settlement with McKinsey & Company, which paid $122 million after being found guilty of paying bribes to officials at Transnet and Eskom to secure valuable consulting contracts. The case involved significant violations of the Foreign Corrupt Practices Act (FCPA) and highlights the risks companies face when failing to implement effective compliance programs.You’ll hear him discuss:The details of McKinsey's settlement with the DOJ for $122 million, including the 35% disc...