The hedge fund allegedly "positioned itself to profit" from endemic corruption in Africa by bribing government officials.
The cereal company also pays $450 million (about 15 times EBITDA) for a 50% stake in Multipro, a Nigeria-based food sales and distribution company.
A GAO report finds companies are struggling to get useful information from suppliers in response to the Dodd-Frank disclosure rule.
As companies push into Europe, the Middle East, India, and Africa, executives are being pressured into higher risk behaviors, says E&Y.
"Goodyear’s lax compliance controls enabled a routine of corrupt payments by African subsidiaries that were hidden in their books," said an SEC official.
Finance executives around the world are plagued by uncertainty about the economy, politics and more.
The deterioration reflects weaker economic performance in many developing economies, says the Institute of International Finance.
Chinese and Indian companies are rapidly expanding their footprints on the continent. But for U.S. firms, the opportunity is tempered by uncertainty.
