trending Market Intelligence /marketintelligence/en/news-insights/trending/IFtd1XNfSWnHAJRmgkgO2Q2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Justice Department seeks guilty plea from Och-Ziff over Libya bribery allegations

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Report: Justice Department seeks guilty plea from Och-Ziff over Libya bribery allegations

The U.S. Department of Justice and could finalize in the next three months a settlement related to a five-yearinternational bribery investigation, although they are still discussing theterms, The Wall Street Journal reportedApril 11, citing "people familiar with the matter."

The publication reported that the Justice Department and theSEC are looking into whetherOch-Ziff knowingly paid bribes to government officials in its dealings withLibya's sovereign-wealth fund and involvement in natural resources deals inother African countries. Michael Cohen, the company's former London-based headof European investing who handled investments in Libya and other Africancountries, was at the center of the investigation. He resigned in March 2013.Cohen and an analyst who worked for him, Vanja Baros, have each received aWells Notice from the SEC.

The Justice Department wants Och-Ziff to plead guilty butthe asset manager is pushing for a deferred prosecution agreement. Securitiesregulators also want to impose as much as $400 million in civil sanctions basedon the profits that it allegedly received from bribery overseas. However,Och-Ziff's lawyers argued that profits from the activities in question totalless than $100 million and that it should not be held criminally reliable,according to the report.

Joe Snodgrass, Och-Ziff's head of corporate communications,declined to comment to S&P Global Market Intelligence.