On its website, Global consulting company, McKinsey & Company says it opened its Johannesburg office in 1995, soon after the dawn of democracy.
According to their website, they operate in South Africa and over 40 countries on the continent, shaping strategies and strengthening operations for companies in major industries. The company claims to help to deliver better outcomes in education and health care.
McKinsey & Company has, over the years been held in high regard, but over the last few days, their brand has been tainted with alleged links with the notorious Gupta family.
According to reports and Gupta leaked emails, Vikas Sagar, director of McKinsey South Africa has misrepresented the company in a transaction involving Gupta-linked company Trillian Capital Partners and Eskom prompting the firm to suspend him.
An email landed in my inbox, it sounded like they were protesting too much.— Sabelo Skiti, Investigative journalist, Times Media Group
Skiti explains that in the email he received, McKinsey denied having any ties with Gupta-linked Trillian and Regiments Capital.
"It was funny to me because Transnet had confirmed that, yes, McKinsey is there, yes McKinsey does have a supply development partner called Regiments", adds Skiti.
McKinsey has a problem. Suspending Vikas is disingenuous once we look at the evidence that already exists.— Eusebius McKasier, Host, The Eusebius McKaiser show
Executive director at Corruption Watch, David Lewis also weighed in on the discussion. He says it is important for the South African public to stay abreast with the revelations of the leaked Gupta emails.
I am convinced that McKinsey is both in contravention of our Prevention and Combating of Corrupt Activities Act as well the US Foreign Corrupt Practices Act. In this instance, it appears McKinsey is in fact one of the primary parties involved, in what seems to me, a clear case of corruption.— David Lewis, Executive Director at Corruption Watch
Corruption Watch plans to place pressure on South African authorities and also prepare a submission for the US authorities.
Listen to the in-depth discussion in the clip below:
This article first appeared on 702 : McKinsey bites the Gupta dust