Lawmakers Call for Probe into McKinsey's China Ties Amid Defense Contracts
U.S. legislators urge Justice and Defense Departments to investigate potential conflicts of interest in McKinsey's undisclosed work with the Chinese government.
- A bipartisan group of U.S. lawmakers has requested an investigation into McKinsey's failure to disclose its consulting work with Chinese government entities.
- The investigation request highlights concerns about McKinsey's eligibility for over $470 million in Defense Department contracts since 2008.
- McKinsey's work with China included advising on economic plans and working with state-owned enterprises, raising national security concerns.
- Lawmakers allege that McKinsey misrepresented its relationship with the Chinese government, potentially violating federal conflict of interest rules.
- McKinsey has reportedly begun reducing its business ties in China, including cutting back on government-linked clients and reducing its workforce there.