Delphi Automotive, a U.K.-based auto parts supplier, announced last week in a Form 10-Q filing with the Securities and Exchange Commission that it has identified potential violations of the Foreign Corrupt Practices Act.
During the first quarter of 2014, Delphi identified certain potentially improper payments, made by certain manufacturing facility employees in China, that may violate certain provisions of the FCPA. Under the oversight of Delphi’s audit committee, “Delphi has engaged outside counsel to assist in the review of these matters, and to evaluate existing controls and compliance policies and procedures,” the company stated. “This review remains ongoing.”
