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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2024-03-21T18:21:00
Indian conglomerate Adani Group said it is aware of an investigation by the U.S. Department of Justice (DOJ) into bribery allegations against a “third party” but denied a relationship with it.
The denial comes on the heels of media reports that Adani Group and its founder, Gautam Adani, were believed to be involved in paying officials in India for favorable treatment on an energy project.
Bloomberg News, citing people with direct knowledge of the matter, said the U.S. Attorney’s Office for the Eastern District of New York, as well as the DOJ’s Fraud Section, were looking into potential violations of the Foreign Corrupt Practices Act by Gautam Adani; Adani Group; and Azure Power, another Adani Group subsidiary.
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
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2024-04-03T05:04:00Z By Kyle Brasseur
Ebix announced the Securities and Exchange Commission closed an investigation into allegations against the software company’s accounting practices raised in a short seller report.
2024-03-28T19:53:00Z By Kyle Brasseur
Singapore-based commodity trading company Trafigura agreed to pay nearly $127 million as part of a resolution with the Department of Justice addressing violations of the Foreign Corrupt Practices Act in Brazil.
2024-03-25T19:48:00Z By Jeff Dale
Data center owner Equinix disclosed it launched an independent investigation to review matters referenced in a recent short seller report that also caught the attention of the Department of Justice.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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