Mining Investors Victimized By Och-Ziff Bribes, Judge Finds
Law360, New York (September 3, 2019, 1:58 PM EDT) -- Investors in a mining venture were victimized when an Och-Ziff Capital Management Group unit bribed African judges as it sought control over a Congolese mine, a Brooklyn judge has ruled, ordering briefing on restitution in the wake of Och-Ziff's $413 million Foreign Corrupt Practices Act settlement.
U.S. District Judge Nicholas G. Garaufis' order, dated Aug. 28 and unsealed Tuesday, puts investors in a defunct Canada-incorporated mining company called Africo Resources Ltd. in line to potentially recover under the Mandatory Victims Restitution Act as a result of the landmark OZ Africa Management GP LLC guilty plea and resulting penalties imposed by the U.S....
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