Samsung Heavy Industries Agrees to Pay $75 Million to Resolve FCPA Bribery Case
22 Noviembre 2019 - 8:06PM
Noticias Dow Jones
By Patrick Chu
Samsung Heavy Industries Co. Ltd. (010140.SE) agreed to pay more
than $75 million in penalties to resolve a U.S. government
investigation into violations of the Foreign Corrupt Practices Act,
the U.S. Justice Department said Friday.
The South Korea engineering company paid $20 million to a
Brazilian intermediary from 2007 until 2013, which used portions of
the funds to bribe officials at Petrobras, Brazil's state-owned oil
company, in order to obtain a shipbuilding contract, Justice
Department officials said, citing admissions by Samsung Heavy. The
company took actions in the bribery conspiracy from its office
located in the U.S.
Samsung Heavy entered into a deferred prosecution agreement with
the Justice Deparment, according to a court filing in the Eastern
District of Virginia. The company was charged with conspiracy to
violate the anti-bribery provisions of the FCPA, the filing said.
According to the agreement, Samsung Heavy has agreed to cooperate
in ongoing investigations by the FBI.
Brazilian regulators and law enforcement agencies in Monaco and
Switzerland assisted the FBI in its investigations.
Write to Patrick Chu at Patrick.Chu@WSJ.com
(END) Dow Jones Newswires
November 22, 2019 20:51 ET (01:51 GMT)
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