Legg Mason Charged for Violating US FCPA over Libya’s SWF

Legg Mason Charged for Violating US FCPA over Libya’s SWF

August 27, 2018

Money manager Legg Mason Inc. agreed to pay an excess of US$ 34 million to settle with the U.S. Securities and Exchange Commission (SEC) on its unit Permal Group Inc.

Permal was alleged to pay bribes to win business from the Libyan Investment Authority (LIA).

SWFI – Sovereign Wealth Fund Institute

https://www.swfinstitute.org/swf-news/legg-mason-charged-for-violating-us-fcpa-over-libyas-swf/

SEC.gov | Legg Mason Charged With Violating the FCPA

https://www.sec.gov/news/press-release/2018-168

SEC completes Legg Mason FCPA enforcement action – The FCPA Blog

http://www.fcpablog.com/blog/2018/8/27/sec-completes-legg-mason-fcpa-enforcement-action.html