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U.S. probes Uber for possible bribery law violations
Source: Reuters
#TECHNOLOGY NEWS AUGUST 29, 2017 / 6:50 PM / AN HOUR AGO
U.S. probes Uber for possible bribery law violations
Heather Somerville
3 MIN READ
SAN FRANCISCO (Reuters) - Uber Technologies Inc (UBER.UL) said on Tuesday it was cooperating with a preliminary investigation led by the U.S. Department of Justice into possible violations of bribery laws.
The preliminary investigation is the latest in a series of legal wrangles at Uber as the ride-services company waits for its new chief executive to take the reins.
Uber has chosen Dara Khosrowshahi, the CEO of Expedia Inc (EXPE.O), as it next leader, sources have told Reuters, but the company has not yet made it official.
A spokesman for the company confirmed the existence of a “preliminary investigation” following a report by the Wall Street Journal on Tuesday that the Justice Department had started probing whether managers at Uber violated U.S. laws against bribery of foreign officials, specifically the Foreign Corrupt Practices Act.
-snip-
U.S. probes Uber for possible bribery law violations
Heather Somerville
3 MIN READ
SAN FRANCISCO (Reuters) - Uber Technologies Inc (UBER.UL) said on Tuesday it was cooperating with a preliminary investigation led by the U.S. Department of Justice into possible violations of bribery laws.
The preliminary investigation is the latest in a series of legal wrangles at Uber as the ride-services company waits for its new chief executive to take the reins.
Uber has chosen Dara Khosrowshahi, the CEO of Expedia Inc (EXPE.O), as it next leader, sources have told Reuters, but the company has not yet made it official.
A spokesman for the company confirmed the existence of a “preliminary investigation” following a report by the Wall Street Journal on Tuesday that the Justice Department had started probing whether managers at Uber violated U.S. laws against bribery of foreign officials, specifically the Foreign Corrupt Practices Act.
-snip-
Read more: http://www.reuters.com/article/us-uber-probe-idUSKCN1B92TG
