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Violation Tracker Individual Record

Company: Akamai Technologies
Current Parent CompanyAkamai Technologies
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $671,885
Year: 2016
Date: June 7, 2016
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Violation Description: Akamai Technologies agreed to pay $652,452 in disgorgement plus $19,433 in interest to resolve allegations that a foreign subsidiary arranged $40,000 in payments to induce Chinese government-owned entities to purchase more services than they actually needed. Employees at the foreign subsidiary violated the company's written policies by providing improper gift cards, meals, and entertainment to officials at these state-owned entities to build business relationships.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: Massachusetts
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: information technology
Specific Industry of Current Parent: internet services
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.