Liberty Mutual agreed to give up $4.7 million in profit – the amount it earned from a bribery scheme uncovered by the government – as part of a settlement related to the Foreign Corrupt Practices Act, according to a declination letter sent to the insurer by the U.S. Department of Justice (DOJ) last week.
The DOJ says it won’t prosecute Liberty Mutual for the FCPA violation it discovered in an investigation by the department’s Fraud Section in a letter sent to Liberty Mutual on Aug. 7. This action by the department comes after it ended a six-month enforcement pause of the FCPA, first ordered by President Donald Trump back in February.
