Financial Crime Financial Crime

Safran to disgorge $17.2 million as US declines to prosecute French firm for bribery in China

By Samuel Rubenfeld
  • 23 Dec 2022 20:55
  • 23 Dec 2022 21:22
Safran SA agreed to disgorge about $17.2 million, and the US Justice Department declined to prosecute the French aerospace giant over bribery committed by two Chinese subsidiaries.

According to a letter to Safran yesterday from the US Justice Department’s Criminal Division, a government probe found that the subsidiaries, based in the US

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Samuel Rubenfeld

Reporter


Samuel Rubenfeld is a reporter covering cases of bribery and corruption and some international trade issues. Prior to joining MLex, he was editor of the Kharon Brief, a news and data analysis platform focused on global security issues, including sanctions and export controls. Earlier in his career, Rubenfeld spent about a decade at The Wall Street Journal, including nearly nine years as a reporter covering corporate risk and compliance concerns such as bribery, money laundering, sanctions, terrorist financing and whistleblowers.

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