At the end of each Department of Justice press release about FCPA-related settlements, the DOJ generally thanks those who have assisted with the case, including the prosecuting attorneys, other agencies, and foreign governments.
Entries in General Cable Corporation (6)
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.
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.
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.
Kentucky-based General Cable Corporation said in an SEC filing Monday that it is investigating "certain commission payments involving sales to customers" in Angola, and the way the payments were reflected in the company's books and records. Payments to agents in Thailand and India are also being investigated and "may have implications under the FCPA," the company said.