Jailed ex-McKinsey CEO Rajat Gupta says the big villains got away

LONDON — The professional services consultancy, McKinsey is often mentioned in the story of graft and the erosion of Eskom in South Africa. With Trillian, the Gupta-owned company they managed to siphon off R1.6bn from the power utility. McKinsey has repaid the money and has apologised to South Africa. However, this is not the end of the company's name being associated with scandal. Earlier this year it appeared again in the headlines in the US where McKinsey is accused of benefiting from measures to help companies that are in trouble. And now former McKinsey CEO and Goldman Sachs director, Rajat Gupta has just surfaced after spending time in prison after he was found guilty of insider trading and released his memoir "Mind without Fear". In an interview with Bloomberg's Lisa Abramowicz and Paul Sweeney he says he is innocent, while the big villains of the financial crisis managed to get away. – Linda van Tilburg

All we did in the aftermath of the financial crisis is make big fines for banks, which of course, the shareholders end up paying for and the executives kept all their bonuses and all the money they made. This was the biggest crisis in American history for a long time. Thousands and thousands of people lost their jobs, they lost their pensions and they lost their homes and banks were held accountable for misdeeds (fraud, even) and yet, no-one in the senior management of any of the banks were found accountable.

___STEADY_PAYWALL___