June 20, 2017
The TRACE Compendium is a fully searchable database of international anti-bribery enforcement, providing comprehensive and detail-rich summaries of investigations and enforcement actions.
During the week of 12-18 June, a new investigation and two declinations were disclosed:
- The U.S. Department of Justice (“DOJ”) closed its investigation into two Linde Group companies, who allegedly had agreed to share profits with officials from a Georgian state-owned entity in exchange for purchasing equipment to produce boron gas. As part of the declination through the DOJ’s “Pilot Program,” the companies agreed to disgorge and forfeit more than USD 11.2 million.
- Local officials closed an investigation into a bribe allegedly paid as part of a public-private partnership between Sportstar Capital and the town of Hamsburg, NY to build a USD 30 million sports complex. No evidence of bribery was found.
- World Acceptance Corporation disclosed that in March 2017, after its independent auditor received an anonymous letter, the company began an internal investigation concerning payments and compensation in Mexico. The company informed both the DOJ and the U.S. Securities and Exchange Commission of the internal investigation.
Visit the TRACE Compendium to view the complete entries, along with other updates from this month.
TRACE delivers enforcement alerts, training resources and invitations to our complimentary events and webinars straight to your inbox. Subscribe to receive the emails of most relevance to you.