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UPS Warns of Bribery Violations

Shipping giant says a business it acquired in 2001 may have violated the Foreign Corrupt Practices Act.

> > In a regulatory filing, the Atlanta-based shipping company disclosed that the possible violations of the United States Foreign Corrupt Practices Act began prior to its 2001 acquisition of a freight forwarding business from Fritz Companies Inc. UPS added that a small number of former employees directed the questionable conduct.
Source: CFO


Published:2006-03-15
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