"McKinsey Africa bribed South African officials in order to obtain lucrative consulting business that generated tens of millions of dollars in profits," said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department's Criminal Division.
The consulting firm was under investigation for its involvement in a plan to pay bribes to officials at two state-owned and operated companies in South Africa between 2012 and 2016.
A former senior partner at the firm's Africa division pleaded guilty to a conspiracy charge, indicating deeper issues within McKinsey's operational integrity.
The payment forms part of a three-year deferred prosecution agreement that would dismiss the charges if McKinsey met certain conditions, reflecting the seriousness of the allegations.
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