The Brazilian airline GOL Linhas Aéreas was charged in the United States after violating the Foreign Corrupt Practices Act (FCPA) and agreed to pay $157 million to settle charges with the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ). Nonetheless, due to the company’s “demonstrated financial condition and inability to pay the fines in full,” the airline will only pay about $44.9 million.
Read More Here: GOL Agrees To Pay SEC Millions To Settle Bribery Charges | SimpleFlying.com
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