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