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December 29, 2016

Posted  January 3, 2017

Kentucky-based manufacturer and distributor of cable and wire General Cable Corporation agreed to pay a $20 million penalty to resolve the government’s investigation into improper payments to government officials in Angola, Bangladesh, China, Indonesia and Thailand to corruptly gain business in violation of the Foreign Corrupt Practices Act (FCPA).  The company also agreed to pay approximately $55 million in disgorgement to the SEC in related proceedings for a total payout of roughly $76 million. DOJ

Tagged in: FCPA,