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Standard Chartered's U.S. Settlement Is Imperiled by New Claims | Tony Seruga
Sep
27

Standard Chartered’s U.S. Settlement Is Imperiled by New Claims

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The London-based bank Standard Chartered reported potential misconduct at MAXpower Group, an Indonesian power company in which it is an investor. CreditStefan Wermuth/Reuters

LONDON — Standard Chartered said on Tuesday that it had received accusations of potential wrongdoing by officials at an Indonesian power company in which it is an investor.

The London-based bank, whose business is largely in Asia, said that it had referred the accusations to “appropriate authorities,” without identifying them.

The United States Justice Department’s foreign bribery unit is the authority looking into the accusations, a person briefed on the matter said…

Standard Chartered’s U.S. Settlement Is Imperiled by New Claims

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