Company behind Jagdeo’s low carbon financial model embroiled in South Africa controversy

Business consultancy, McKinsey, which crafted the financial model for Guyana’s Low Carbon Development Strategy (LCDS) under the Jagdeo administration is now at the centre of a scandal in South Africa that could see a criminal complaint being brought against it.

According to Reuters, McKinsey is one of three global firms that have been enmeshed in a deepening row in South Africa’s political establishment. The others are accounting firm KPMG and public relations agency Bell Pottinger.

McKinsey is embroiled in a controversy over its dealings with the India-born Gupta brothers who have been accused in various reports of engaging in influence peddling with the government of President Jacob Zuma. The Gupta family has also been accused of abusing state resources and influencing the choice of Cabinet members by Zuma.