Foreign Corrupt Practices Act: Investigations Dataset

Investigation Name: Investigation into Goodyear's Activities in Angola and Kenya

Trend: None

Type of investigation: Internal, SEC, DOJ

Other Agencies Investigating/Assisting with SEC/DOJ Investigation: Unknown

Whistleblower: Yes

Summary

Goodyear Tire & Rubber Company’s (Goodyear) was an Ohio corporation headquartered in Akron, Ohio. Goodyear was one of the world’s largest tire manufacturers. Its shares are traded on the NASDAQ.

According to Goodyear's SEC filings, in June 2011, an anonymous source reported through Goodyear’s confidential ethics hotline that Goodyear’s majority-owned joint venture in Kenya may have made certain improper payments. In July 2011, an employee of Goodyear’s subsidiary in Angola reported that similar improper payments may have been made in Angola. Outside counsel and forensic accountants were retained to investigate the alleged improper payments in Kenya and Angola, which included compliance in those countries with the FCPA.

Following the internal investigation, Goodyear implemented appropriate remedial measures and also voluntarily disclosed the results of the investigation to the DOJ and the SEC and are cooperating with those agencies in each of their review of the matters.

In January 2015, as disclosed in the February 17, 2016 10-K, the DOJ notified Goodyear that it had closed its inquiry into the matter and did not intend to file charges against the company.

Protected Content

Please Log In or Sign Up for a free account to access restricted features of the Clearinghouse website, including the Advanced Search form and the full case pages.

When you sign up, you will have the option to save your search queries performed on the Advanced Search form.

| Investigations Dataset

Investigations Dataset

Information & Summary

Investigation into Goodyear's Activities in Angola and Kenya

Information & Summary

Protected Content