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Ex-Partner Hired to Fix Bain South Africa Turns Against Firm

  • Williams concerned Bain tried to cover up its role in graft
  • Firm has admitted its work at tax authority was a ‘failure’
Johannesburg, South Africa
Photographer: Guillem Sartorio/Bloomberg

A former partner at Bain & Co.’s South African business said he will testify to a commission investigating graft in the country about the firm’s involvement in allegedly trying to facilitate corrupt dealings.

Athol Williams plans to detail his concerns that Bain may have tried to clear a path for government officials and politically connected individuals to plunder state resources, known locally as state capture, he said in an email on Thursday. The company’s involvement in state capture possibly went beyond that of their role in advising on the restructuring of the country’s tax authority, Williams said.