UPDATE: Och-Ziff (OZM) Unit Expected to Plead Guilty Over Africa Bribes
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(Updated - September 28, 2016 12:15 PM EDT)
Och-Ziff Capital Management (NYSE: OZM) unit expected to plead guilty over Africa bribes, according to Bloomberg.
UPDATE - Sources said the admission of guilt could come as soon as Thursday as part of a deal with the U.S. SEC and U.S. DoJ.
Och-Ziff has set aside over $400 million for fines and penalties, though it isn't clear what the firm may need to pay.
Litigation is tied to a London-based investing unit of Och-Ziff, which bribed officials in Africa in order to close several mining deals.
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