According to a note from BCG published this Wednesday on its website, between 2011 and 2017, some employees "unduly paid third parties to secure business".
"Upon discovering this, BCG promptly self-reported the matter to the US Department of Justice (DoJ)," the statement said, and BCG "removed the individuals from the company and has since closed the office in Luanda, Angola".
The bribes in question were paid through the Lisbon office, according to a Justice Department investigation.
“Certain BCG employees in Portugal took steps to conceal the nature of the agent's work for BCG when internal issues arose, including backdating contracts and falsifying the agent's purported work product,” the DoJ said.
As BCG took the initiative to report the case, it ended up reaching an agreement with the DoJ.
The group says the DoJ "declined to prosecute BCG under the Foreign Corrupt Practices Act for conduct related to certain employee activities in Angola from 2011 to 2017." This decision was justified with "voluntary self-disclosure, full cooperation and compliance improvements from BCG", he explains.
In this agreement, BCG will pay 14.4 million dollars, "which the DOJ calculated to reflect BCG's profits from impacted work in Angola".
