Defendant Name:
Akamai Technologies, Inc.
Defendant Type:
Public Company
Document Reference:
2016-109_Akamai
Document Details
Legal Case Name
Non-Prosecution Agreement with Akamai Technologies, Inc.
Document Name
SEC announces Two Non-Prosecution Agreements in FCPA Cases
Document Date
07-Jun-2016
Document Format
Civil Proceeding
Case Number
NPA-2016-109_Akamai
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On June 7, 2016, the SEC announced a non-prosecution agreement with Akamai Technologies, Inc. "that will forfeit ill-gotten gains connected to bribes paid to Chinese officials by foreign subsidiaries." The SEC stated that "Akamai's foreign subsidiary arranged $40,000 in payments to induce government-owned entities to purchase more services than they actually needed. Employees at the foreign subsidiary violated the company's written policies by providing improper gift cards, meals, and entertainment to officials at these state-owned entities to build business relationships."
Disgorgement & Penalty Information
Resolutions
Non-Prosecution Agreement
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
