June 4, 2018 / 8:05 PM / 13 days ago

Legg Mason to pay $64 million to resolve U.S. allegations of Libya bribery scheme

WASHINGTON (Reuters) - Asset management firm Legg Mason Inc (LM.N) has entered into a settlement agreement with the U.S. Justice Department and agreed to pay $64.2 million to resolve allegations it violated anti-bribery laws through one of its subsidiaries in Libya, the department said on Monday.

FILE PHOTO: The U.S. Department of Justice building is seen in Washington, U.S., February 1, 2018. REUTERS/Jim Bourg

The Justice Department said in a statement that as part of the deal it agreed to not prosecute the company.

    Reporting by Eric Beech; Editing by Mohammad Zargham

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