Boris reportedly needs Bain probed after South African corruption allegations


UK Prime Minister Boris Johnson has requested the Cupboard Workplace to look into allegations that international consultancy Bain & Co Inc was concerned in corruption in South Africa, Johannesburg-based Each day Maverick reported, citing a letter Johnson despatched to Peter Hain, a UK lawmaker.

Learn extra on Bain right here.

Hain had requested that Johnson freeze all authorities contracts with Bain whereas South African prosecutors attempt to recoup cash paid to the Boston-based firm for a contract it had with the South African Income Service, in response to Each day Maverick.

Bain has denied wilfully facilitating or being occasion to corruption after a judicial inquiry in South Africa discovered its conduct wanting of their dealings with state-owned companies.

A panel, headed by Performing Chief Justice Raymond Zondo, discovered that Bain met with former President Jacob Zuma and former tax Commissioner Tom Moyane earlier than it was signed up as a advisor, and it was clear it will be given a contract to revamp the tax company’s programs previous to the beginning of the tender course of.

© 2022 Bloomberg


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