SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Las Vegas Sands Corp. (LVS)
LVS 66.31+0.2%9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sr K3/3/2013 12:04:37 PM
   of 21
 
WSJ

BUSINESS | Updated March 2, 2013, 5:35 p.m. ET
Sands: 'Likely' FCPA Violations

By ALEXANDRA BERZON and KATE O'KEEFFE

Las Vegas Sands Corp. told the Securities and Exchange Commission that an internal review found the casino operator had likely violated the Foreign Corrupt Practices Act, a federal law that bans bribing public officials abroad.

The company on Friday said in its annual report that its board's audit committee had advised the company and its accountants that it had reached a preliminary finding that there were "likely violations of the books and records and internal controls provisions" of the antibribery law.

The findings relate to a series of business deals conducted in mainland China and led by executives who are no longer with the company, according to a person familiar with the matter. The findings from the board's audit committee were first reported by The Wall Street Journal last August.

[more]
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext