FCPA fines for Libyan bribe
Issue 376
- 14 Sep 2018
| 1 minute read
The US Securities and Exchange Commission (SEC) announced on 27 August that Legg Mason Inc must pay a criminal penalty of $32.6m to resolve a Foreign Corrupt Practices Act (FCPA) violation in a scheme to bribe Libyan officials, who in 2004-10 awarded the Maryland-based investment manager’s Permal Group subsidiary and French partner Société Générale (SocGen) a flow of fund-related contracts.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register