The Wall St Journal reports that Goldman Sachs Group Inc. admitted U.S. securities regulators are investigating whether the securities firm broke bribery laws.
Tuesday's disclosure by Goldman of numerous investigations, regulatory reviews and legal action related to its sprawling businesses included a probe of the company's "compliance with the U.S. Foreign Corrupt Practices Act," according to a securities filing.
Goldman didn't describe the investigation further, and a company spokesman wouldn't comment on the filing. The SEC declined comment.
People familiar with the probe said the SEC is scrutinizing Goldman's dealings with Libya's sovereign-wealth fund, called the Libyan Investment Authority. In 2008, Goldman made options trades for ...
Read more at http://online.wsj.com/article/SB10001424053111904140604576497950009027990.html?mod=WSJ_business_whatsNews
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