Macmillan To Pay $18M Over Alleged Africa Bribery

Law360, New York (July 22, 2011, 4:16 PM EDT) -- U.K.-based Macmillan Publishers Ltd. said Friday that it would pay £11.3 million ($18.4 million) to resolve civil allegations that its education business tried to pay bribes to win government contracts in Africa.

The company alerted the Serious Fraud Office, which oversees most foreign corruption probes and punishments in the U.K., in March 2010 to problems after it settled a previous inquiry by the World Bank into an unsuccessful attempt by an agent to pay a bribe to secure a World Bank contract for educational materials in...
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