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Friday, October 7, 2016
Volume:
32
Issue:
10
Abstract:
On September 29, 2016, Och-Ziff Capital Management Group LLC (Och-Ziff), a New York based alternative investment and hedge fund manager, and its wholly-owned subsidiary, OZ Africa Management GP LLC (OZ Africa) entered into resolutions to resolve criminal charges and agreed to pay a criminal penalty of more than $213 million in connection with a scheme involving the bribery of officials in the Democratic Republic of Congo (DRC) and Libya.