McKinsey Subsidiary Settles Bribery Probe in South Africa for $122 Million

McKinsey & Company’s subsidiary has agreed to pay over $122 million in a settlement with U.S. authorities, resolving an investigation concerning alleged bribery in South Africa. The investigation delved into financial misconduct and ethical violations in dealings with the South African government. McKinsey has expressed relief at the resolution, acknowledging the situation’s regrettable nature. More details are available here.