Och-Ziff Bribery Talks Said to Spare Firm as Unit Convicted

Och-Ziff Capital Management Group LLC’s main business will probably avoid conviction in a U.S. bribery probe by having an overseas unit plead guilty, according to people with knowledge of the matter.

Prosecutors are discussing such an arrangement with the money manager, which would still require the holding company to enter a deferred-prosecution agreement, the people said, asking not to be named because the talks are private. Such a deal could take some pressure off the hedge-fund operator, which has suffered a wave of redemptions as the roughly five-year probe of suspected bribes in Africa comes to a head.