McKinsey’s sorry apology not accepted! – Corruption Watch

McKinsey & Company. Picture: Facebook.

Disgraced global consultancy McKinsey says it’s very sorry for its shady dealings with Eskom.

It admits it was too slow in confessing wrongdoing.

McKinsey and the Gupta-linked Trillian Capital received R1 billion and R600 million respectively to create a strategy for fixing the ailing state owned utility.

McKinsey has already paid back R902 million.

Corruption Watch does not accept McKinsey’s apology.

The Money Show’s Bruce Whitfield interviewed Corruption Watch Executive Director David Lewis.

Lewis explained why he’s not impressed with McKinsey’s belated nine-page apology.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

They entered into a blatantly illegal contract…

David Lewis, Corruption Watch

How Eskom was persuaded to enter into a contract that they must’ve know was illegal…

David Lewis, Corruption Watch

When did the people at the top know about this contract?

David Lewis, Corruption Watch

What induced Eskom to enter into this contract… that’s where the big smell is?

David Lewis, Corruption Watch

Coca Cola and the Gauteng government has stopped using McKinsey.

David Lewis, Corruption Watch

The way this was constructed replicates other Gupta deals… An interposing company is paid a commission… Any bribe is paid out of the commission…

David Lewis, Corruption Watch

It’s hundreds of millions… but there are those you don’t know about… The scale is truly frightening

David Lewis, Corruption Watch

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This article first appeared on 702 : McKinsey’s sorry apology not accepted! – Corruption Watch


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