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South Africa files criminal charges against KPMG, SAP, McKinsey


South Africa regulators have filed criminal charges against the local units of U.S.-based consultancy firms KPMG L.L.P. and McKinsey & Co. Inc. and Germany-based software firm SAP S.E. for alleged contraventions of the country's Companies Act, Bloomberg reported. The criminal charges concern the companies' dealings with a local business family that allegedly used their relationships with government ministers and officials to profit from state business.

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