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KPMG, McKinsey Feel the Heat Over South Africa Graft Scandal

  • Gupta family members implicated in plundering state funds
  • McKinsey denies engaging in corruption, paying bribes
Ajay Gupta and younger brother Atul Gupta

Ajay Gupta and younger brother Atul Gupta

Photographer: Martin Rhodes/Gallo Images/Business Day
Updated on

As global companies implicated in a graft scandal in South Africa scramble to contain the damage to their reputations, politicians and law enforcement agencies are prevaricating and stalling official investigations.

The scandal has revolved around members of the wealthy Gupta family, who are friends of President Jacob Zuma and have been accused of looting billions of rand in taxpayer funds and exerting undue influence over the state. Accountants KPMG LLP, public relations firm Bell Pottinger LLP, consultancy McKinsey & Co. and software company SAP SE are among the companies that have been implicated in facilitating, being party to or turning a blind eye to their deals. Zuma and the Guptas deny wrongdoing.