Tagged: Clear Channel Payments to Chinese officials

Clear Channel Settles SEC FCPA Case Against Former Chinese Subsidiary for $26.1 Million

Clear Channel Settles SEC FCPA Case Against Former Chinese Subsidiary for $26.1 Million

The Securities and Exchange Commission continues to rack up FCPA enforcement actions.  In its latest settlement, Clear Channel Outdoor Holdings agreed to pay $26.1 million for bribery violations committed by its former Chinese subsidiary.  According to Clear Channel, the Department of Justice closed its FCPA investigation.  Clear Channel, a San Antonio-based advertising company, paid bribes to Chinese government officials with cash, gift cards, first-class travel,...