‘Until a global corporate like Bain ceases its complicity in state corruption in countries like South Africa, pays back all the considerable fees earned, and the legal and prosecutorial proceedings it is now facing in South Africa are completed, no ...
As evidence presented at both judicial commissions showed, Bain’s relationship with Zuma followed a deliberate strategy endorsed by Bain’s global leadership — to court favour with Zuma through known Zuma-affiliates, paid by Bain, who themselves are the subject of ongoing investigations in the US and South Africa.
As news of Bain’s involvement broke, Bain cynically simply shuffled its staff out of South Africa to its global offices. Fabrice Franzen, the partner who ran the day-to-day maliciously destructive work at SARS, remains at Bain and is now based in the Middle East. So, too, is the partner Stephane Timpano, who prepared most of the materials presented to Zuma. Massone, who had been promoted to run Bain’s Middle East operation, was paid to leave the firm after a three-month negotiation.
Part of Williams’s evidence has called into question the validity of Bain’s internal investigation, conducted by US law firm Baker McKenzie, whose full findings Bain failed to make available to both the Nugent and Zondo judicial commissions, prompting them to accuse Bain of failing to cooperate as it should have.
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