|Audit Intelligence

General Cable Corporation to pay $82.3 million fine to the SEC and DOJ

General Cable Corporation
On December 29, 2016, the company announced that it has entered into agreements with the SEC and DOJ that bring to a conclusion those agencies’ respective investigations relating to the U.S. Foreign Corrupt Practices Act (“FCPA”) and the SEC’s separate accounting investigation related to the Company’s financial restatements from 2013 and 2014. Pursuant to those agreements, the company agreed to pay fine of $82.3 million.