'We have got nothing to hide': Bain & Company appeals to treasury to lift ban

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National Treasury last month banned the management consultancy firm from obtaining government-related contracts after it was implicated in corruption involving the South African Revenue Service.

JOHANNESBURG - Bain & Company said it has nothing more to disclose to prove what it calls its innocence.

National Treasury last month banned the management consultancy firm from obtaining government-related contracts after it was implicated in corruption involving the South African Revenue Service .The state capture commission learned how Bain & Company acted unlawfully during former president Jacob Zuma’s tenure in a matter concerning the tax agency.

Both the Zondo commission and another inquiry headed by retired judge Robert Nugent recommended that the international firm be investigated by relevant law enforcement authorities.Bain & Company has already been banned from doing business with the UK government for three years.

 

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