Las Vegas Sands Probably Violated Foreign Corrupt Act
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Las Vegas Sands Corp., embroiled in two U.S. investigations and a court battle with the former head of its Chinese casino business, said for the first time it probably violated the U.S. Foreign Corrupt Practices Act.
Macau unit Sands China Ltd. fell in Hong Kong trading after billionaire Sheldon Adelson’s Sands disclosed in its annual report preliminary results of an internal probe. “There were likely violations of the books and records and internal controls provisions of the FCPA,” it said.