Defendant Name: GOL Linhas Aéreas Inteligentes S.A.

Defendant Type: Public Company
SIC Code: 4512
CUSIP: 38045R206

Initial Case Details

Legal Case Name In the Matter of Gol Linhas Aereas Inteligentes S.A.
First Document Date 15-Sep-2022
Initial Filing Format Administrative Action
File Number 3-21094
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 30A

Resolutions

First Resolution Date 15-Sep-2022
Headline Total Penalty and Disgorgement $70,000,000

Related Documents:

34-95800-s 15-Sep-2022 Administrative Summary
SEC Charges Gol Intelligent Airlines, Brazil's Second Largest Airline, with FCPA Violations
The SEC stated that: "[It] charged Brazil's second largest domestic airline, GOL Linhas Aéreas Inteligentes, for violating the Foreign Corrupt Practices Act (FCPA). The São Paulo-based company, also known as Gol Intelligent Airlines, agreed to pay $70 million to settle the SEC charges."
2022-164 15-Sep-2022 Press Release--Administrative Proceeding
SEC Charges Gol Intelligent Airlines, Brazil's Second Largest Airline, with FCPA Violations
The SEC stated that: "[It] charged Brazil's second largest domestic airline, GOL Linhas Aéreas Inteligentes, for violating the Foreign Corrupt Practices Act (FCPA). The São Paulo-based company, also known as Gol Intelligent Airlines, agreed to pay $70 million to settle the SEC charges."
34-95800 15-Sep-2022 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On September 15, 2022, the SEC instituted settled cease-and-desist proceedings against GOL Linhas Aéreas Inteligentes S.A., stating: "These proceedings arise out of a scheme to bribe government officials in Brazil in exchange for certain payroll tax and fuel tax reductions that financially benefited Gol, along with other airlines."