Advertisement
Singapore markets close in 6 hours 20 minutes

  • Straits Times Index

    3,188.37
    +33.68 (+1.07%)
     

  • Nikkei

    38,029.44
    +67.64 (+0.18%)
     

  • Hang Seng

    16,393.36
    +141.52 (+0.87%)
     

  • FTSE 100

    7,847.99
    +27.63 (+0.35%)
     

  • Bitcoin USD

    61,556.31
    -2,381.37 (-3.72%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     

  • Dow

    37,753.31
    -45.66 (-0.12%)
     

  • Nasdaq

    15,683.37
    -181.88 (-1.15%)
     

  • Gold

    2,386.00
    -2.40 (-0.10%)
     

  • Crude Oil

    82.81
    +0.12 (+0.15%)
     

  • 10-Yr Bond

    4.5850
    -0.0740 (-1.59%)
     

  • FTSE Bursa Malaysia

    1,539.82
    -0.60 (-0.04%)
     

  • Jakarta Composite Index

    7,151.50
    +20.66 (+0.29%)
     

  • PSE Index

    6,539.11
    +89.07 (+1.38%)
     

Las Vegas Sands paying $7M to settle corrupt practices probe

Associated Press

LAS VEGAS (AP) — U.S. authorities say billionaire Sheldon Adelson's casino company is paying almost $7 million to settle a foreign corrupt practices investigation of the firm's former relationship with a consultant in Macao and China.

Justice Department and FBI officials said Thursday the agreement with Las Vegas Sands Corp. resolves a probe into more than $60 million paid to an unnamed agent retained in 2006 for business dealings including efforts to acquire a Chinese basketball team.

The penalty is in addition to a $9 million civil payment the company made in April to settle a federal Securities and Exchange Commission investigation that found some payments to the consultant weren't properly authorized or documented.

A Sands spokesman said Thursday the company is pleased that "all inquiries related to these issues have now been completely resolved."