Defendant Name:
GOL Linhas Aéreas Inteligentes S.A.
Defendant Type:
Public Company
Document Reference:
34-95800-s
Document Details
Legal Case Name
In the Matter of GOL Linhas Aéreas Inteligentes S.A.
Document Name
SEC Charges Gol Intelligent Airlines, Brazil's Second Largest Airline, with FCPA Violations
Document Date
15-Sep-2022
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
The SEC stated: "the SEC and the DOJ waived payment of all but $24.5 million and $17 million of Gol's payment obligations, respectively."
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Total Penalty
Individual:
$70,000,000.00
Shared: