Gol Linhas Aéreas Inteligentes SA: $70M Penalty

Administrative Order by the U.S. Securities and Exchange Commission that it has imposed disgorgement and interest totaling $70 million on GOL Linhas Aéreas Inteligentes SA, a.k.a. GOL Intelligent Airlines Inc., of São Paulo, described as “the second largest domestic airline in Brazil by market share”, for “a scheme to bribe government officials in Brazil in exchange for certain payroll tax and fuel tax reductions that financially benefited Gol, along with other airlines”.

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Pages: 7

Topic: Listed Securities, Regulatory, Tax

Allegation: Bribery & Corruption

Date: September 15, 2022

Defendant(s)/Respondent(s): Gol Linhas Aéreas Inteligentes SA

Plaintiff(s)/Applicant(s): Securities and Exchange Commission

Topics

USA

[ 1 more... ] [ top 5 ]

Keywords

Gol Linhas Aéreas Inteligentes

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