McKinsey ‘turned a blind eye to staff suspicions about its Eskom account’
Global consultancy McKinsey, facing parliamentary hearings over payments to a firm controlled by the Guptas, ignored suspicions raised over several years by local senior staff that companies it worked with were set up to steer state contracts, two former employees said. Since July, when new information emerged about McKinsey’s flagship South African contract, the consultancy has been under increasing scrutiny in a widening scandal over the influence of the Gupta family. The parliamentary committee on public enterprises is investigating whether McKinsey knowingly let funds from Eskom be diverted to a Gupta company as a way of securing a $78m contract to advise Eskom. McKinsey denies wrongdoing and says it intends to co-operate with the authorities if evidence of any impropriety emerges. "We hold ourselves to the highest professional standards wherever we work and stand firmly against corruption. We are committed to ascertaining the facts and swiftly taking any and all appropriate act...
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