Johannesburg - 31 March 2021 - Bain categorically denies it intentionally supported state capture in any way, or purposely withheld any relevant information from the authorities. Recent allegations by Mr Athol Williams, which are rooted in speculation and opinion, cover no new ground and offer no new facts beyond those already disclosed.
As we have consistently stated before, the global law firm Baker McKenzie carried out a thorough investigation, which was not limited in any manner. Their investigation was extensive and included a review of more than 250,000 documents along with 83 interviews conducted with 58 individuals, including former employees. After all this, we uncovered no evidence that Bain was involved in state capture, including at SARS.
Bain has taken comprehensive action to ensure that we do not repeat our past mistakes. We established a global whistleblower line, set up a global risk management team that oversees all public sector work, established a risk subcommittee on our Board of Directors, put in place an oversight board in Africa and appointed new senior leadership for South Africa and our broader African business.
While we remain deeply sorry for any role that our work may have inadvertently played in what transpired at SARS, Bain is committed to operating with integrity, meeting the high standards our clients expect and making a positive contribution to South Africa.