Specifically, on December 29, 2016, General Cable announced that it had agreed to pay a criminal penalty of over $20 million to resolve the Department of Justice's investigation of inappropriate payments to government officials in Egypt, Angola, Bangladesh, China, Indonesia and Thailand. According to the Department of Justice, "General Cable subsidiaries paid approximately $13 million to third-party agents and distributors, a portion of which was used to make unlawful payments to obtain business, ultimately netting the company approximately $51 million in profits." The Company will also give up or disgorge profits of about $51.2 million and pay a $4.1 million in interest.
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