Defendant Name:
General Cable Corporation
Defendant Type:
Public Company
Document Reference:
2016-283_3-17754
Document Details
Legal Case Name
In the Matter of General Cable Corporation
Document Name
Wire and Cable Manufacturer Settles FCPA and Accounting Charges
Document Date
29-Dec-2016
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The Commission stated "General Cable's overseas subsidiaries made improper payments to foreign government officials for a dozen years to obtain or retain business in Angola, Bangladesh, China, Egypt, Indonesia, and Thailand. General Cable's weak internal controls also failed to detect improper inventory accounting at its Brazilian subsidiary, causing the company to materially misstate its financial statements from 2008 to the second quarter of 2012."
Disgorgement & Penalty Information
Resolutions
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
