A British lawmaker has asked US President Joe Biden to suspend Bain & Co.’s operating license after a South African judicial commission implicated the global consulting firm in fraudulent work it performed for the country’s tax agency.
Peter Hain said he addressed his request to Biden via the US Ambassador to London. He appealed the same to British Prime Minister Boris Johnson.
“This is a major stain on Bain’s international reputation,” Hain said in a telephone interview Thursday. The company’s officials in South Africa, who worked for a corrupt government, responded to leaders in London and New York “so there is an international involvement here.”
The British government has said it will ask Bain about the findings of the South African panel led by acting Supreme Court Justice Raymond Zondo, who has spent the past four years examining graft under former President Jacob Zuma’s scandal-ridden regime.
“The Cabinet Office will soon be writing to the company and engaging with them to better understand the status of the results of the report and seek appropriate assurances from the government,” said Stephen Barclay, the ministry’s minister, in a written response. week to a letter Jan. 5 from Hain.
Bain has denied having deliberately facilitated or participated in corruption in South Africa. The company did not respond to a request for comment sent via email Thursday.
Barclay assured Hain that Bain is not currently a strategic supplier to the UK government or doing any significant work for it. Hain is the peer of the opposition Labor Party and a former minister.
A number of other international companies and banks were also complicit in helping to launder looted money out of South Africa and were to be exposed, according to Hain.
“These global companies need to feel the pain to stop them from doing this again,” he said. “They are all guilty, it’s not just corrupt officials and politicians.”
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