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Linde FCPA probe ends in DoJ declination

Jaclyn Jaeger | June 21, 2017

The Department of Justice this week said it was closing its investigation into industrial-gas supplier Linde for alleged violations of the Foreign Corrupt Practices Act and would not be bringing any enforcement action. It is the first public declination issued by the Department of Justice under the Trump Administration.

The Fraud Section of the Justice Department’s Criminal Division said, “consistent with the FCPA Pilot Program,” that it was closing its investigation into Linde North America, Linde Gas North America and certain of their subsidiaries and affiliates concerning the alleged FCPA violations. As part of the settlement, Linde has agreed to disgorge and forfeit a total of $11.2 million ($7.8 million in disgorgement and forfeit $3.4 million forfeiture).

The Justice Department’s investigation found that from November 2006 to...

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