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Clear Channel Outdoor Holdings Bribed Chinese Government Officials to Obtain Outdoor Advertising Contracts

Clear Channel Stoneham Digital 995016338

the staff of the Ridgewood blog

Washington DC, the Securities and Exchange Commission today announced that Clear Channel Outdoor Holdings Inc. agreed to pay more than $26 million to resolve charges that it bribed Chinese government officials to obtain outdoor advertising contracts in violation of the Foreign Corrupt Practices Act (FCPA).

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