British Lord vows to haunt “State Capture” corporate

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British Lord Peter Hain has vowed to continue to “haunt” and pursue State Capture-implicated company Bain. Speaking to BizNews from the House of Lords after the British government decided not to re-suspend Bain from getting government contracts, Lord Hain says: “I would like every government in the world, because they do a lot of work for governments and the public sectors in the countries in which they operate generally, I would like them to be suspended from that work. Their global reputation is already toxic because of their complicity in this…State Capture disaster for South Africa, which set the country back so far and from which you're still trying to recover.” Lord Hain says there needs to be an admission in the business community of its culpability. “…the reason I'm so passionate about this is it wasn't just the politicians that were guilty. It takes two to tango. And it was the businesses who paid the bribes, who paid the backhanders, who did the soft audits… who did the whitewash reports…”
23 Jan 2025 7AM English South Africa Investing · Business News

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