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SEC: two FCPA cases result in non-prosecution agreements

Jaclyn Jaeger | June 7, 2016

The SEC today announced non-prosecution agreements with two unrelated companies that will forfeit ill-gotten gains connected to bribes paid to Chinese officials by foreign subsidiaries. Prior to these settlements, the SEC had entered into only one other NPA, back in 2013.

Internet services provider Akamai Technologies has agreed to pay $652,452 in disgorgement plus $19,433 in interest. According to the non-prosecution agreement (NPA), Akamai’s foreign subsidiary arranged $40,000 in payments to induce government-owned entities to purchase more services than they actually needed. Employees at the foreign subsidiary violated the company’s written policies by providing improper gift cards, meals, and entertainment to officials at these state-owned entities to build business relationships.

Residential and commercial building products manufacturer Nortek has agreed to pay $291,403 in disgorgement plus $30,655...

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