Defendant Name:
WPP plc
Defendant Type:
Public Company
SIC Code:
7311
CUSIP:
92937A10
Document Reference:
34-93117
Document Details
Legal Case Name
In the Matter of WPP PLC
Document Name
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
Document Date
24-Sep-2021
Document Format
Administrative Proceeding
AAER
4257
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On September 24, 2021, the SEC instituted settled cease-and-desist proceedings stating: "This matter concerns violations of the anti-bribery, books and records, and
internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA") by
WPP, the world's largest advertising group. The bribery scheme took place at a WPP
majority-owned subsidiary in India, which, through intermediaries, paid as much as a
million dollars in bribes to Indian officials to obtain and retain government business,
resulting in over $5 million in net profit from 2015 -- 2017."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$10,114,424.86
Shared:
Civil Penalty
Individual:
$8,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$1,110,234.68
Shared: