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Top related persons:
Vikas Sagar - 1 Chad Yarbrough - 1 Sagar - 1
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Barcelona South Africa Africa Sagar Johannesburg U.S of New York McKinsey Africa
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McKinsey & Company - 1 Mobile World Congress - 1 MWC - 1 U.S . Department of Justice - 1 McKinsey - 1 Southern - 1 of - 1 DOJ - 1

Search resuls for: "Chad Yarbrough"


2 mentions found


☆ McKinsey unit will pay $123 million to settle claims it bribed South African officials
  + stars: | 2024-12-05 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +3 min
A subsidiary of top global consulting firm McKinsey & Company agreed to pay nearly $123 million to settle claims that it bribed government officials in South Africa, the U.S. Department of Justice said Thursday. Federal prosecutors also unsealed a 2022 guilty plea by Vikas Sagar, a former senior partner at McKinsey who worked in the subsidiary's South Africa office. The bribery scheme helped McKinsey and McKinsey Africa net approximately $85 million in profits, according to prosecutors. The deferred prosecution agreement requires McKinsey Africa to accept responsibility for the allegations. "McKinsey welcomes the resolution of these matters and the closure of this regretful situation," McKinsey Africa said in a statement Thursday.
Persons: Vikas Sagar, Chad Yarbrough, Sagar Organizations: McKinsey & Company, Mobile World Congress, MWC, U.S . Department of Justice, McKinsey, Southern, of, DOJ, Prosecutors, Transnet, Eskom Holdings, McKinsey Africa, FBI Locations: Barcelona, South Africa, Africa, Sagar, Johannesburg, U.S, of New York, McKinsey Africa, Transnet
☆ 3 Florida nursing schools sold 7,600 fake diplomas that helped applicants skip essential steps to becoming licensed nurses, federal prosecutors say
  + stars: | 2023-01-27 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +3 min
Three schools in Florida sold 7,600 fake credentials to nursing license applicants, officials said. The faux diplomas and transcripts qualified applicants for the national nursing board exam. They would have allowed buyers to potentially skip thousands of clinical trainings, prosecutors said. The fake credentials wouldn't have given the buyer a nursing license, but it would qualify them to sit for the national nursing board exam. The diplomas would state that the buyer had attended the respective school's nursing program, when they never took classes there, prosecutors said.
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