BCG Admits to Bribery in Angola, Agrees to Forfeit $14 Million

• Boston Consulting Group pays over $14 million to settle bribery case involving Angolan contracts
• Bribery scheme uncovered as part of broader U.S. crackdown on corruption in Angola

The Boston Consulting Group (BCG) has admitted to paying millions of dollars in bribes to secure business in Angola, one of Africa’s biggest oil producers. The consulting firm has agreed to forfeit over $14 million in profits from contracts it won with the country’s economy ministry and central bank, according to a US Department of Justice (DoJ) investigation that was recently made public.