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Flowserve reports potential FCPA violation to SEC,DOJ

( February 17, 2015, 18:00 GMT | Official Statement) -- MLex Summary: Flowserve, an American supplier of industrial valves and pumps has discovered potential violations of the Foreign Corrupt Practices Act by an employee based in an overseas subsidiary. In their 2014 Annual Report, the company said that it had fired the employee, was conducting an internal investigation and had self-reported the matter to the Securities Exchange Commission and the Department of Justice.   Excerpt:...

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