Criminal
Oct. 14, 2010
CB Richard Ellis Admits FCPA Probe
In another sign that U.S. businesses are taking the Foreign Corrupt Practices Act seriously, CB Richard Ellis has disclosed to investors it fired six employees in China and is investigating possible violations.
Daily Journal Staff Writer
LOS ANGELES - In another sign that U.S. businesses are ramping up self-policing efforts over the Foreign Corrupt Practices Act, real estate behemoth CB Richard Ellis recently acknowledged it fired six employees for potential violations of the federal bribery act and initiated the second internal investigation this year into its own business dealings in China.
CB Richard Ellis, based...
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