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FCPA Blog Daily News

Entries in Angola (45)

Thursday
Feb092017

DOJ ends Cobalt International bribery probe

Cobalt International Energy, Inc. said Thursday the U.S. Justice Department has closed its FCPA investigation into the company's operations in Angola.

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Friday
Dec302016

Former General Cable exec settles FCPA allegations 

A former senior vice president at General Cable Corporate settled SEC allegations Thursday that he caused FCPA violations and knowingly circumvented internal accounting controls by approving excessive commission payments to a third-party agent in Angola.

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Thursday
Dec292016

General Cable pays $75 million for FCPA settlement

General Cable Corporation will pay the DOJ and SEC $75.75 million to resolve FCPA violations in Angola, Bangladesh, China, Egypt, Indonesia, and Thailand.

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Wednesday
Nov022016

Angola president appoints daughter to head national oil company

Angolan president Jose Eduardo dos Santos may have to answer questions concerning his daughter's recent appointment as the head of state-owned Sonangol. 

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Wednesday
Jul132016

SFO charges logistics firm and seven individuals with Angola bribery

The UK Serious Fraud Office Wednesday charged logistics and freight operations company F.H. Bertling Ltd and seven individuals with bribing an agent of the Angolan state oil company, Sonangol.

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Tuesday
Feb162016

General Cable increases FCPA disgorgement reserve to $28 million

Image courtesy of General CableKentucky-based General Cable Corporation said it added $4 million to its reserve and has now set aside $28 million that's "probable to be disgorged" to the SEC in a possible settlement of FCPA offenses.

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Thursday
Feb112016

SBM Offshore: DOJ re-opens overseas bribe probe

SBM Offshore confirmed Wednesday that the U.S. Department of Justice has re-opened its investigation into the alleged bribery of government officials in Angola, Brazil, and Equatorial Guinea between 2007 and 2011.

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Wednesday
Oct282015

Is China doubting the value of foreign bribes?

For about three years now, the world has witnessed an historic anti-corruption campaign in China. Sure, it’s political in no small part, a tool that President Xi Jinping has used to control his enemies. But the crackdown is also serving to deter public corruption generally to a remarkable degree.

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Thursday
Feb262015

General Cable expects to disgorge $24 million for Angola bribes

Image courtesy of General Cable Kentucky-based General Cable Corporation said it reserved $24 million that's "likely to be disgorged" to the SEC in a possible settlement of FCPA offenses.

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Tuesday
Feb242015

SEC: Goodyear pays $16 million to settle Africa bribe charges

Image courtesy of GoodyearGoodyear Tire & Rubber Co. agreed to pay $16.2 million to settle SEC charges that subsidiaries in Kenya and Angola paid bribes to increase tire sales.

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Thursday
Jan292015

Cobalt receives SEC declination for Angola investigation

Here's a statement that Cobalt released Wednesday:

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Monday
Dec082014

‘Merchant of Death’ co-conspirator jailed five years

Richard Ammer Chichakli, an associate of convicted international arms dealer Viktor Bout, was sentenced Thursday in Manhattan federal court to five years in prison.

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