Defendant Name: General Cable Corporation

Defendant Type: Public Company

Document Reference: 2016-283_3-17755

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
File Number 3-17755
Allegation Type Foreign Corrupt Practices Act
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
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC

Related Documents:

34-79703 29-Dec-2016 Administrative Proceeding
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
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."

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