The company’s voluntary disclosure and full and proactive cooperation in the matter were highlighted among the reasons to decline prosecution.
Foreign bribery
Guatam Adani’s indictment is big news. We assess the immediate and long-term consequences for him and his business empire.
The SEC’s order alleged that Moog violated the recordkeeping and internal accounting controls provisions of the FCPA.
Also in the news this week SEC charges in pre-IPO scheme; another sentence connected to Brazil’s Odebrecht and a Singapore graft investigation results in charges against tycoon.
The Foreign Extortion Prevention Act (FEPA) makes accepting or soliciting bribes from US entities a criminal offence for foreign officials.
Lifecore Biomedical, Inc.’s efforts in self-reporting FCPA violations lead to declination decision from DOJ.
Corficolombiana paid more than $28m in bribes to high-ranking government officials to win a massive infrastructure project.
FCPA: Albemarle reports investigation resolution and fine to DOJ and SEC
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Lithium producer Albemarle reaches a settlement in principle to resolve potential violations of Foreign Corrupt Practices Act.