Telecommunications Giant Telefónica Venezolana Agrees to $85 Million FCPA Settlement
Whistleblower Network News
NOVEMBER 14, 2024
agreed to pay $85 million to settle charges that the company violated the Foreign Corrupt Practices Act (FCPA) by engaging in a bribery scheme in Venezuela. According to the DOJ, “in 2014, Telefónica Venezolana participated in a government-sponsored currency auction in Venezuela that allowed it to exchange its Venezuelan bolivars for U.S.
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