British cabinet minister Jacob Rees-Mogg has acted against Bain on the urging of anti-apartheid campaigner Peter Hain.
Hain is also campaigning for legislation to empower the government to also bar other companies like Bain which have been implicated in unlawful or unethical conduct in any country, from tendering for UK government contracts.
The commission found that Bain’s work on restructuring Sars was “a clear example of how the private sector colluded” with the breakdown of public institutions.Peter Hain meets Minister Jacob Rees-Mogg in quest to ban Bain & Co from doing business with UKHain told parliament the commission had recommended that law enforcement authorities examine every public sector contract Bain had won with a view to possible prosecution.
Hain said Bain should have used its financial expertise to help Sars to collect tax and deal with tax evaders, but in fact had helped Zuma instead to disable the revenue service from doing that.Bain & Co planned to work with Zuma to ‘reshape SA economy’, says former partner Athol Williams“Yet this is the very company that works across our government and across our economy, influencing our public institutions and impacting millions of British lives.
Referring to Bain’s earlier acknowledgement of some failings in its South African office and its repayment of some fees, Hain said: “Bain would have us believe that what happened in South Africa was the work of one rotten apple. But its South African office’s work was endorsed by leaders here in London and its US headquarters in Boston, and many senior people currently working for Bain in London were in the South African business during the corrupt Zuma era.
In July, Williams was invited to present facts around Bains involvement in state capture to Rees-Mogg which he says “proved pivotal in the UK Government’s decision to ban Bain”.
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