BCG avoids criminal prosecution for FCPA violations related to bribes in Angola
By 
Adrianne Appel2024-08-30T13:53:00
The Department of Justice (DOJ) declined to prosecute Boston Consulting Group (BCG) for allegedly bribing Angolan officials in violation of the Foreign Corrupt Practices Act (FCPA), citing the firm’s prompt self-disclosure and timely remediation.
The DOJ found evidence that BCG’s office in Lisbon, Portugal, gave $4.3 million to an agent in Angola to secure contracts with the Angolan Ministry of the Economy and the National Bank of Angola, according to a letter Wednesday by Glenn Leon, chief of the DOJ’s Fraud Section, to BCG’s attorneys.
BCG agreed to disgorge $14.4 million in profits it secured from the corrupt activity but avoided criminal prosecution despite an agent of the firm sending bribes through three different offshore accounts, the DOJ said.
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