Investors Can't Get Restitution For Bribery, Says Och-Ziff Unit

Law360 (September 9, 2019, 3:40 PM EDT) -- An Och-Ziff Capital Management Group unit urged a New York federal court on Friday to rethink its decision to let investors in a mining company seek restitution as victims of the asset management firm's bribery scheme, arguing the investors are not direct victims and are ineligible for restitution.

The spat comes in the wake of Och-Ziff's $413 million Foreign Corrupt Practices Act settlement in 2016 resolving claims brought by the U.S. Department of Justice and the U.S. Securities and Exchange Commission that the firm bribed African judges to stymie Africo Resources Ltd.'s attempt to regain control of a disputed Congolese mine....

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