Defendant Name:
General Cable Corporation
Defendant Type:
Public Company
SIC Code:
3357
CUSIP:
36930010
Document Reference:
34-79703
Document Details
Legal Case Name
In the Matter of General Cable Corporation
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
29-Dec-2016
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On December 29, 2016, SEC issued an administrative proceeding against General Cable Corporation. According to SEC, between 2003 and 2015, the Company "GCC's subsidiaries made improper payments of approximately $19 million to foreign government officials in Angola, Thailand, China, Indonesia, Bangladesh, and Egypt, generating illicit profits over $51 million on sales to state-owned enterprises."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Disgorgement
Individual:
$51,174,237.00
Shared:
Pre-Judgment Interest
Individual:
$4,107,660.00
Shared:
