SEC Initiates Formal Investigation Into Possible FCPA Violations
Richmond, Virginia-based Universal Corporation announced in its annual report recently submitted to the Securities and Exchange Commission (SEC) that it has been notified by the SEC of a formal investigation into possible violations of the U.S. Foreign Corrupt Practices Act. Universal Corporation reported the possible violations to the SEC after an internal investigation revealed that the company's subsidiaries may have made approximately $1 million in illegal payments over a five-year period.
|posted by Douglas N. Jacobson| Permalink 
