Ban Bain & Co from US government contracts, Joe Biden is urged
Source: The Guardian
Ban Bain & Co from US government contracts, Joe Biden is urged
Exclusive: Labour peer calls on US president to follow UK in banning firm over misconduct in South Africa
Julia Kollewe
Sun 11 Sep 2022 14.45 BST
Last modified on Sun 11 Sep 2022 22.01 BST
Joe Biden should follow the UK in banning the global management consultancy firm Bain & Company from future government contracts, the Labour peer Peter Hain has said.
In a letter shared with the Guardian, the former minister and anti-apartheid campaigner urged the US president to “act on this matter and establish a clear precedent that will signal to all US global companies, consultancies, lawyers, auditors and financial advisers that collusion with corrupt politicians and their business cronies in other countries will not be tolerated”.
Last month Bain was barred from tendering for UK government contracts for three years over its “grave professional misconduct” in state corruption in South Africa. Britain became the first western country to take this step, after pressure from Lord Hain.
In January, the Guardian revealed that the Labour peer had called on Boris Johnson’s government to penalise Bain, which is based in Boston, Massachusetts, over its “despicable” role in South Africa’s biggest post-apartheid corruption scandal.
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Read more: https://www.theguardian.com/business/2022/sep/11/joe-biden-ban-bain-and-company-government-contracts
