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As a South African, this is good news (it would have been nice if the payment was higher and more people at McKinsey were held accountable). Unfortunately we ar
by awanderingmind 2y ago
As a South African, this is good news (it would have been nice if the payment was higher and more people at McKinsey were held accountable). Unfortunately we are unlikely to see accountability locally for whoever actually paid this bribe. The background is that this was part of the program of State Capture enabled by our former president (Jacob Zuma) and a very dubious family from India: https://en.wikipedia.org/wiki/Gupta_family https://en.wikipedia.org/wiki/Gupta_family. Our country was basically sold to the highest bidder - people speak of 'ten lost years'.
- DAGdug 2y agoWonder if Rajat Gupta, the former CEO of McKinsey who was incarcerated for sharing insider information, and the corrupt Gupta family, were connected in any way (they’re from the same inbred trading caste in India, a country that is sadly notoriously corrupt).
- hilux 2y agoAFAIK, they are not. Gupta is a very common name in India, and Rajat Gupta is from West Bengal.
- fakedang 2y agoBarring the insider trading case (where Rajat Gupta was largely an smaller accomplice to most of Rajaratnam's scheme), Rajat's rags to riches story is actually extremely inspiring. Perhaps he did not benefit from having good mentors - his mentor-professor at IIT Delhi being slimey Subramanian Swamy. https://en.m.wikipedia.org/wiki/Subramanian_Swamy https://en.m.wikipedia.org/wiki/Subramanian_Swamy