Cobalt International Energy, Inc. said Thursday the U.S. Justice Department has closed its FCPA investigation into the company's operations in Angola.
Entries in Angola (45)
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.
General Cable Corporation will pay the DOJ and SEC $75.75 million to resolve FCPA violations in Angola, Bangladesh, China, Egypt, Indonesia, and Thailand.
Angolan president Jose Eduardo dos Santos may have to answer questions concerning his daughter's recent appointment as the head of state-owned Sonangol.
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.
Kentucky-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.
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.
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.
Goodyear 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.
Here's a statement that Cobalt released Wednesday: