WBAI - 500.Com announces the closing of the internal investigation

500.com Limited (WBAI) has completed its internal investigation regarding alleged illegal money transfers in connection with the reported allegations against certain former consultants by the Tokyo District Public Prosecutors Office.Based on the findings and analyses in King & Wood Mallesons review, the SIC has concluded that it did not find a sufficient basis to establish a violation of the U.S. Foreign Corrupt Practices Act of 1977 in connection with the Company's prior activities in Japan.Press Release

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500.Com announces the closing of the internal investigation