McKinsey & Company has agreed to pay $122 million to resolve violations of the Foreign Corrupt Practices Act (FCPA) related to its operations in South Africa. This settlement is part of a broader investigation into the firm’s alleged involvement in bribery schemes. In a separate case, AAR Corp, a global aerospace company, will pay over $55 million to settle U.S. charges linked to two bribery schemes involving government officials in Nepal and South Africa. AAR's resolution includes the guilty pleas of a former executive and a third-party agent connected to the schemes. Additionally, McKinsey has also been reported to pay $650 million to address its role in the OxyContin crisis, highlighting ongoing scrutiny of the firm’s practices.
AAR will pay $55 million in fines and penalties to resolve bribery investigations into payments made to high-ranking government officials in Nepal and South Africa. https://t.co/glGSwhKdC6
McKinsey to Pay $650 Million to Resolve Investigations into Alleged Role in OxyContin Crisis https://t.co/IqBS8FjAxE
We announced that Illinois-based AAR CORP., a global provider of aviation services and products, agreed to resolve Foreign Corrupt Practices Act charges in connection with two bribery schemes. For more: https://t.co/swMlk8PSyC https://t.co/Rfggut3LMq