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Vikas Sagar - 1 Chad Yarbrough - 1 Sagar - 1
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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: "Eskom Holdings"


3 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
☆ South Africa Seeks State Power Chief After CEO Says He Was Poisoned
  + stars: | 2023-01-21 | by ( Alexandra Wexler | ) www.wsj.com   time to read: 1 min
JOHANNESBURG—One Monday last month, the chief executive officer of South Africa’s state-owned power company Eskom Holdings SOC Ltd., André de Ruyter , woke up for his 5 a.m. gym routine, then headed to an off-site meeting with the chairman of the board. Hours later, he lay shaking in a clinic bed. Blood tests viewed by The Wall Street Journal showed that he had ingested cyanide. Now, the South African government is looking for a successor to Mr. de Ruyter, who says he handed his resignation to the Eskom board chairman hours before he started feeling nauseous and confused in his office on Dec. 12. Mr. de Ruyter says he suspects the cyanide was added to a cappuccino he drank from his personalized mug at his office.
☆ South African utility says police are investigating the alleged poisoning of its CEO
  + stars: | 2023-01-09 | by ( ) www.cnbc.com   time to read: +1 min
Andre de Ruyter, chief executive officer of Eskom Holdings, at a conference in October 2022. South African power utility Eskom on Sunday said police were investigating whether an attempt was made to poison its outgoing Chief Executive Officer Andre de Ruyter. Public Enterprises Minister Pravin Gordhan also told Reuters on Sunday the alleged incident "will be thoroughly investigated" and anyone responsible charged. The alleged cyanide poisoning was first reported by specialist energy publication EE Business Intelligence on Saturday. The South African police services did not immediately respond to Reuters' request for comment.
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