WASHINGTON (AP) — A group of Republican lawmakers is demanding a federal investigation into the U.S. consulting firm McKinsey over its work with the Chinese ...
WASHINGTON — A group of Republican lawmakers is demanding a federal investigation into the U.S. consulting firm McKinsey over its work with the Chinese government and state-owned enterprises, even as the company reportedly is revamping its China business to reduce risks.
McKinsey declined to comment on the letter but has in the past defended its practices in China. It has said it follows the “most rigorous and comprehensive client service policy in our industry." The letter by Republican lawmakers accused McKinsey of helping China “rapidly develop its military and economy” through its consulting services. It said McKinsey failed to disclose its work with the Chinese government while acquiring U.S. defense contracts, which amounted to more than $480 million since 2008 and granted McKinsey “access to classified or otherwise sensitive national security data.”
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