Brazil Airline Gol to Pay $41 Million to Resolve US, Brazil Bribery Probes

WASHINGTON—Brazil airline Gol Linhas Aéreas Inteligentes SA will pay more than $41 million to resolve parallel bribery investigations by criminal and civil authorities in the United States and Brazil, U.S. authorities said.
Gol entered into a three-year deferred prosecution agreement with the Justice Department in connection with criminal information filed in Maryland charging the company with conspiracy to violate anti-bribery legislation, the department said in a statement.
The U.S. Securities and Exchange Commission (SEC) said in a statement on Sept. 15 that Gol had agreed to pay $70 million to settle charges against it.
However, due to Gol’s “inability to pay the fines in full, the SEC and the (Justice Department) waived payment of all but $24.5 million and $17 million”, it added….

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