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HOME > NEWS > Investor News > Sands says in filing it "likely" violated U.S. corruption laws

Sands says in filing it "likely" violated U.S. corruption laws

4 March 2013

Reuters reports that Las Vegas Sands Corp. said it "likely" violated the federal Foreign Corrupt Practices Act, which outlaws the bribery of foreign officials, according to a Securities and Exchange Commission filing on Friday.

According to the Reuters report, the filing marks the first disclosure by the casino operator, controlled by founder and billionaire Republican donor Sheldon Adelson, that is was under investigation.

Reuters reported exclusively in August that Sands allowed a man identified by the U.S. Senate as an organized crime figure to move a $100,000 gambling credit from a Las Vegas casino to one of its Macau casinos.

 
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