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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. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
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.
2024-10-22T21:18:00Z By Adrianne Appel
Precision Toxicology has agreed to pay $27 million to settle allegations first brought by whistleblowers in three cases, that the company billed the federal government for unnecessary drug tests and paid kickbacks to doctors, the Department of Justice (DOJ) said.
2024-10-22T16:08:00Z By Aaron Nicodemus
Fund management company WisdomTree will pay $4 million to settle allegations by the Securities and Exchange Commission that it improperly invested in fossil fuel and tobacco companies in environmental, social and governance (ESG) funds despite promising to avoid them.
2024-10-18T18:10:00Z By Adrianne Appel
A Vietnamese alcohol company has agreed to pay $860,000 to settle allegations by the Office of Foreign Assets Control (OFAC) that its business with North Korea involved U.S. financial institutions.
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