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Former subsidiary of Clear Channel Outdoor bribed Chinese officials for contracts, blocked internal auditors, US SEC alleges

By Samuel Rubenfeld ( September 28, 2023, 22:10 GMT | Insight) -- A former subsidiary of advertising firm Clear Channel Outdoor Holdings bribed Chinese government officials and failed to properly document the payments despite repeated warnings from internal auditors, according to a settlement the Texas-based company reached with the US Securities and Exchange Commission.A former subsidiary of advertising firm Clear Channel Outdoor Holdings bribed Chinese government officials and failed to properly document the payments despite repeated warnings from internal auditors, according to a settlement the Texas-based company reached with the US Securities and Exchange Commission....

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