Bain & Co. has been banned from UK govt work for three years over the role it played in facilitating the capture of the SA Revenue Service (SARS). The State Capture Inquiry found that Bain's South African branch colluded with Zuma and ex-SARS boss Tom Moyane to "capture" the agency. Global consultancy Bain & Company has been banned from UK government contracts for three years over the role it played in facilitating the capture of the South African Revenue Service (SARS). "I’m pleased the UK government has agreed to suspend Bain from public contracts at my urging," Hain said this week. Bain received R167 million in fees over 27 months from SARS, which it has subsequently repaid, with interest.

Source: News 24 August 03, 2022 08:37 UTC