Albemarle Corporation (NYSE: ALB), a Charlotte-based global specialty chemicals company, has come to terms with the U.S. Securities and Exchange Commission (SEC) over accusations of violating anti-bribery regulations.
The company has agreed to pay more than $103.6 million to settle the SEC's charges.
In a concerning revelation, the SEC pointed out that despite glaring warning signs, Albemarle had a history of liaising with agents who were involved in bribery activities.
This controversial involvement extended from 2009 to 2017 and was centered on acquiring sales from oil refineries across countries ...