Samsung Heavy Industries Company Ltd. Reaches Deferred Prosecution Agreement with the U.S. over Brazil Activities

IMPORTANT: The full content of this page is available to premium users only.

Tuesday, November 26, 2019
Author: 
Bruce Zagaris
Volume: 
35
Issue: 
12
Abstract: 

On November 22, 2019, the United States Department of Justice (DOJ) and Samsung Heavy Industries Company Ltd. (“Samsung”), a South Korea-based engineering company that provides shipbuilding, offshore platform construction, and other construction and engineering services, entered into a deferred prosecution agreement (DPA). In the agreement, Samsung agreed to pay total penalties of more than $75 million to resolve the U.S. government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) arising out of a scheme to pay millions of dollars in bribes in Brazil.[1]