Posts Tagged ‘Steven Jacobs’

Las Vegas Sands Finds Possible Crimes in Bribery of Chinese Officials

by , Mar 5, 2013 | 10:00 am

LasVegasSandsLas Vegas Sands Corp. may have violated federal law that bans the bribing of foreign public officials, the casino operator told the Securities and Exchange Commission on Friday.

In a one-sentence statement within the company’s annual report filing, Las Vegas Sands said its Audit Committee found possible violations of the Foreign Corrupt Practices Act.

“As part of the annual audit of the company’s financial statements, the Audit Committee advised the company and its independent accountants that it had reached certain preliminary findings, including that there were likely violations of the books and records and internal controls provisions of the ( act),” Las Vegas Sands said in its Form 10-K filing.

But Las Vegas Sands added it has “improved its practices with respect to books and records and internal controls” in recent years.