Tag Archives | Och-Ziff

LIA Corruption: Och-Ziff to Pay $400m Penalty

Hedge fund Och-Ziff Capital Management Group has agreed to pay a criminal penalty of more than $213 million to the United States Dept of Justce, in connection with a widespread scheme involving the bribery of officials in the Democratic Republic of Congo (DRC) and Libya. It will pay an additional $199 million to the Securities […]

Och-Ziff Falls on Probe into LIA

Shares in the hedge-fund firm Och-Ziff Capital Management Group LLC (OZM) have fallen after it announced that U.S. regulators are investigating whether it broke bribery laws in accepting an investment from the Libyan sovereign wealth fund. The US Justice Department has requested information from the company as part of its investigation into possible violations of […]

US Probes Investment Firms over Libya Ties

The US Department of Justice (DOJ) is conducting a criminal investigation into a number of financial services firms over potential breaches of anti-bribery laws in dealings with the Libyan Investment Authority (LIA), the nation’s sovereign wealth fund. The Wall Street Journal reports that firms under the spotlight include private equity firm Blackstone Group, Goldman Sachs, Credit […]