Bain ban long overdue
SARS Commissioner Edward Kieswetter said that the country's decision to ban global consultancy firm Bain & Co from tendering contracts in the public sector was long overdue, reports EWN.
The firm is accused of destabilising SARS and playing a major role in state capture during the leadership of former President Jacob Zuma.
The UK has also banned Bain & Co from public contracts for three years on allegations of attempting to collapse SA's finances.
The corrupt activities of Bain & Co were ousted to the public by former employee and whistleblower, Athol Williams.
He revealed at the State Capture Commission last year that the firm had a huge impact on state capture.
Kieswetter said that the firm had left immeasurable damage on the revenue service.
‘We knew what we know now four years ago at least when the commission published its report, so yes, we could have acted earlier, we are clear unambiguously and have been since 2019 that Bain has a case to answer.’
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
