June 07, 2016 BY LeapRate Staff

Akamai hit by SEC for bribing Chinese officials

The U.S. Securities and Exchange Commission today announced non-prosecution agreements (NPAs) with two unrelated companies that will forfeit ill-gotten gains connected to bribes paid to Chinese officials by foreign subsidiaries. Massachusetts-based cloud services and network optimization provider Akamai Technologies, Inc. (NASDAQ:AKAM) has agreed to pay $652,452 in disgorgement plus $19,433 in interest. According to the NPA,…

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