The NPA has charged McKinsey South Africa with fraud, corruption and theft related to a contract to advise Transnet on buying new locomotives. McKinsey South Africa said it would oppose the NPA's claims, noting it had already paid back the fees it earned from the parastatal. The National Prosecuting Authority (NPA) has indicted McKinsey South Africa on charges of fraud, theft and corruption related to state capture at Transnet. The NPA's Investigating Directorate announced on Friday that it had charged former McKinsey director Vikas Sagar and current employee Goitseone Mangope. Wood, who applied for relaxation of his bail conditions earlier in the month to travel to the UK, is expected to return to South Africa on Friday.

Source: News 24 October 01, 2022 05:14 UTC