The company reported a steep second-quarter net loss mainlyĭue to foreign exchange variations. Had “entered into fraudulent contracts with third-party vendors for the purpose of generating and concealing the funds necessary to perpetrate this criminal conduct, and then falsely recorded the sham payments in their own books.” Between 20, the company conspired to offer and pay about $3.8 million in bribes toįoreign officials in Brazil, the Justice Department said, citing court documents. Assistant Attorney General Kenneth Polite, of the Justice Department’s criminalĭivision, said Gol had “paid millions of dollars in bribes to foreign officials in Brazil in exchange for the passage of legislation that was beneficial to the airline.” Polite added that Gol The airline agreed with the Justice Department to pay more than $87 million to settle criminal charges, the SEC added. Gol will pay around $3.4 million in additional fines to Brazilian authorities, the SEC said. “inability to pay the fines in full, the SEC and the (Justice Department) waived payment of all but $24.5 million and $17 million”, it added. Securities and Exchange Commission said in a statement that Gol had agreed to pay $70 million to settle charges against it. Justice Department in connection with criminal information filed in Maryland charging the company with conspiracy to violate anti-bribery legislation, the department said in a statement. Gol entered into a three-year deferred prosecution agreement with the
Linhas Aéreas Inteligentes SA will pay more than $41 million to resolve parallel bribery investigations by criminal andĬivil authorities in the United States and Brazil, U.S.Īuthorities said on Thursday.
WASHINGTON, Sept 15 (Reuters) – Brazil airline Gol
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