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United States: Mexico’s Cemex faces another U.S. probe, shares drop

Mexico’s Cemex said on Wednesday the U.S. Department of Justice (DOJ) had asked it for information on its operations in Colombia and in other jurisdictions for a probe of the company, and its shares slid more than 2.3 percent in early trading.

Cemex said it had received information requirements from the DOJ. In December, the company said the U.S. Securities Exchange Commission (SEC) asked it for information to determine whether it violated the Foreign Corrupt Practices Act in the construction of a new plant in Colombia.

The company said it would cooperate with both the DOJ and the SEC investigations.

The full original article can be found at uk.reuters.com



This post first appeared on Anti Bribery And Corruption Platform & Due Diligen, please read the originial post: here

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United States: Mexico’s Cemex faces another U.S. probe, shares drop

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