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This Article is From Feb 03, 2022

U.K. PM Wants Bain Probed After S. African Graft Allegations, Daily Maverick Reports

U.K. PM Wants Bain Probed After S. African Graft Allegations, Daily Maverick Reports

U.K. Prime Minister Boris Johnson has asked the Cabinet Office to look into allegations that global consultancy Bain & Co Inc was involved in corruption in South Africa, Johannesburg-based Daily Maverick reported, citing a letter Johnson sent to Peter Hain, a U.K. lawmaker.

Hain had asked that Johnson freeze all government contracts with Bain while South African prosecutors try to recoup money paid to the Boston-based company for a contract it had with the South African Revenue Service, according to Daily Maverick.

Read: Bain, Nedbank Deny Facilitating Graft in South Africa

Bain has denied willfully facilitating or being party to corruption after a judicial inquiry in South Africa found its conduct wanting in their dealings with state-owned firms. 

A panel, headed by Acting Chief Justice Raymond Zondo, found that Bain met with former President Jacob Zuma and former tax Commissioner Tom Moyane before it was signed up as a consultant, and it was clear it would be given a contract to revamp the tax agency's systems prior to the start of the tender process.

©2022 Bloomberg L.P.

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