This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Africo seeks restitution in Och-Ziff FCPA case despite DOJ objection

( February 20, 2018, 16:24 GMT | Official Statement) -- MLex Summary: Africo Resources, a Canadian firm that owned a copper and cobalt mine in the Democratic Republic of Congo, has asked US District Judge Nicholas Garaufis to recognize it as a victim in the Foreign Corrupt Practices Act prosecution of Och-Ziff Capital Management and its subsidiary, OZ Africa Management. Africo said that because of bribery by Och-Ziff, Africo shareholders feared government action that would terminate its interest in the mine, forcing shareholders to accept an unfavorable deal from an alleged Och-Ziff co-conspirator. Africos' shareholders are contesting the Department of Justice's "preliminary" decision not to recognize Africo as a victim eligible for restitution under the US Mandatory Crime Victim's Act.See documents below....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login