Sagar Sentenced To Time Served
In December 2024, McKinsey and Company Africa (Pty) Ltd., a wholly owned and wholly controlled subsidiary of McKinsey & Company (an international consulting firm) resolved a net $61.4 million Foreign Corrupt Practices Act enforcement action based on alleged bribery schemes in South Africa.
The conduct at issue largely focused on Vikas Sagar (a citizen of India, a lawful permanent resident of the United States, and resident of South Africa) who was a partner and senior partner of McKinsey working in McKinsey’s office in Johannesburg, South Africa, and a stockholder, employee, and agent of McKinsey.