Clear Channel Outdoor Holdings has agreed to pay over $26 million to settle charges that it bribed Chinese officials to get advertising contracts, the U.S. Securities and Exchange Commission (SEC) said on Thursday. The U.S.-based company was accused of violating the U.S. Foreign Corrupt Practices Act (FCPA) through the actions of its agency, Clear Media Limited, which at the time was a majority-owned subsidiary in China. The SEC said Clear Media allegedly bribed Chinese officials from 2012 through 2017 to obtain contracts for selling advertising services to companies for display on public bus shelters and other outdoor displays. Charles Cain, chief of the SEC Enforcement Division’s FCPA unit, said that Clear Media bribed Chinese officials with expensive gifts and entertainment and used off-book consultants to obtain contracts from Chinese authorities....Read more https://www.theepochtimes.com/business/clear-channel-outdoor-to-pay-26-million-to-settle-china-bribery-charges-5501366