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. Hain has long called for repercussions for the firm and other international businesses that were implicated in state capture. Bain said the firm is "disappointed and surprised" and would be responding to express concern about the decision-making process before considering other options. Athol Williams, a former partner at Bain who turned whistleblower, said the UK government’s decision shows the findings were taken seriously - more so than South African President Cyril Ramaphosa’s administration. "I think this should embarrasses the South African government because the South African government has had this information for years," Williams said in an interview Wednesday with Johannesburg-based broadcaster eNCA.

Source: News 24 August 04, 2022 03:46 UTC