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

Non-Prosecution Agreement
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC

Related Documents:

2016-109-npa-akamai. 07-Jun-2016 Press Release--Civil Action
Non-Prosecution Agreement
On June 7, 2016, the SEC entered into a non-prosecution agreement with Akamai Technologies, Inc. relating to "possible violations of the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act from at least 2012 through 2015" involving Chinese government officials.