>>16972699 UK bans Bain & Company over corruption scandal in SA
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UK bans Bain & Company over corruption scandal in SA
The Zondo report said that Bain worked in 'collusion' with Zuma, who it said was directly involved in a scheme to undermine the tax service.
AFP
Britain said Wednesday it was banning US-based consultancy giant Bain & Company for three years from UK government contracts after it became enmeshed in a huge corruption scandal in South Africa.
Bain is being barred for competing in bids for central government consultancy work for three years, effective from January 4 this year, a spokesman for the cabinet office told AFP.
“After reviewing Bain’s role in alleged state capture and corruption by the former government of South Africa, taking account of the evidence and conclusions of the South African government commission, the minister for government efficiency considered Bain to be guilty of grave professional misconduct,” it said.
The punishment stems from a four-year probe into graft under South Africa’s former president, Jacob Zuma.
The investigation, led by Chief Justice Raymond Zondo,determined that billions of dollars in publicly owned assetswere systematically siphoned off — a process known locally as “state capture”.
Bain was hired by the South African government in 2015-16 on a contract to overhaul the country’s revenue service.
The initial contract was to last for six weeks and was worth around $150,000.
But eventually it ran formore than two years, at a cost of more than $9 million, and extended into many other sectors.
The Zondo report said that Bain worked in “collusion” with Zuma, who it said was directly involved in a scheme to undermine the tax service.
The British government said it had taken the decision “in light of Bain’s responsibility as a global brand for its South Africa division and the company’s failure to clarify the facts and circumstances of its involvement”.
“The UK strongly supports the South African authorities’ ongoing efforts to tackle corruption and promote accountability,” it added.
According to the Financial Times, which reported on the ban late Tuesday,Bain had had a total of 63 million pounds (around $75 million) in British governmentcontracts since 2018, two-thirds of which were based on Brexit-related work.
Bain & Company had not responded to an AFP request for comment as of midday Wednesday. It has previously denied that it intentionally or wilfully harmed the tax agency or supported state capture.
https://www.citizen.co.za/news/3166130/uk-bans-bain-company-over-corruption-scandal-in-sa/
The collusion between Sars, the executive and Bainwith a planned and coordinated agenda to restructure Sars; “executive training”; Bain’s knowledge of Moyane’s appointment to Sars; ___irregular use of the Public Finance Management Act to avoid competition; purging of competent top officials__… the list goes on.
“Bain knew that they did not have have the necessary expertise. They must have thought South Africa did not know this or did not care whether they had the necessary expertise,” said Zondo.
“I think President Zuma and Mr Moyane neither knew nor cared.”
https://www.citizen.co.za/news/south-africa/state-capture/2952609/how-bain-company-nearly-collapsed-sars/