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Samsung Heavy Industries fined $75 million for bribery

Posted On: Nov. 26, 2019 5:15 AM CST

Samsung Heavy

The U.S. Department of Justice has fined South Korea-based shipbuilding firm Samsung Heavy Industries Co. Ltd. $75 million to settle a bribery case, Nasdaq reports citing RTTNews. The company violated the Foreign Corrupt Practices Act after it paid millions of dollars in bribes to officials in Brazil, the Justice Department said.

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