Brazil airline Gol settles FCPA bribery charges for $41M


Brazilian airline Gol agreed to pay $41 million as part of reduced settlements addressing bribery investigations conducted by authorities in the United States and Brazil.

Gol, a partner airline of American Airlines and Air France, paid bribes to Brazilian government officials in an effort to pass legislation in Brazil that it favored, the U.S. Department of Justice (DOJ) announced Thursday. Gol reached separate resolutions with the Securities and Exchange Commission (SEC) as well as the Comptroller General and Attorney General’s Office in Brazil.

The airline violated the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA), the U.S. agencies said.

lock iconTHIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.