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Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

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Thursday
Apr112019

Uber discloses FCPA investigation 

Uber Technologies, Inc. said Thursday the U.S. Department of Justice is investigating possible FCPA violations related to its activity in Asia. 

According to Uber's S-1 filing, the DOJ is investigating potential bribes in countries including Indonesia, Malaysia, China, and India. 

In Indonesia, the ride-hailing company is being investigated for allegations of small payments to police, and "other potential improper payments."

Here is the text from Uber's S-1 filed April 11, 2019, courtesy of FCPA Tracker

We received requests from the DOJ in May 2017 and August 2017 with respect to an investigation into allegations of small payments to police in Indonesia and other potential improper payments in other countries in which we operate or have operated, including in Malaysia, China, and India. The investigation is ongoing, and we are cooperating with the DOJ in this investigation. If we are determined to have violated the FCPA or similar laws, we may be subject to criminal sanctions and other liabilities, which would adversely affect our business, financial condition, and operating results.

The S-1 form is an SEC filing used by companies planning on going public to register their securities with the SEC.

According to The Wall Street Journal, Uber's planned IPO will raise around $10 billion at a valuation of around $100 billion.

Uber said in the S-1 that it currently has over 22,000 employees worldwide and operates in over 63 countries. 

The company said in Thursday's disclsoure that it is cooperating with the DOJ.

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Harry Cassin is the publisher and editor of the FCPA Blog.