Legg Mason Charged for Violating US FCPA over Libya’s SWF

Posted on 08/27/2018

Money manager Legg Mason Inc. agreed to pay an excess of US$ 34 million to settle with the U.S. Securities and Exchange Commission (SEC) on its unit Permal Group Inc. Permal was alleged to pay bribes to win business from the Libyan Investment Authority (LIA). Specifically, Legg Mason agreed to disgorge approximately US$ 27.6 million […]