Comment on US hedge fund to pay $400 million in African bribe case

US hedge fund to pay $400 million in African bribe case

NEW YORK (AP) — Authorities say a major U.S. hedge fund has agreed to pay more than $400 million to settle charges accusing it of using a web of middlemen to pay bribes to African officials. The Securities and Exchange Commission announced a $200 million civil settlement on Thursday in the case against Och-Ziff Capital Management Group.

 

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