Leidos Holdings, an information technology, engineering, aerospace, and defense company with headquarters in Virginia, stated that federal law enforcement is looking into it for alleged violations of the Foreign Corrupt Practices Act (FCPA).
Leidos reported suspected FCPA violations by its "employees, third party representatives, and subcontractors" who work for the company's worldwide operations in a quarterly report released on Tuesday.
The business opened an internal inquiry into the suspected FCPA breaches and voluntarily informed the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) of its existence (SEC). Leidos stated in its statement that the company's internal inquiry is still ongoing.
The business reported receiving a federal grand jury subpoena in September in connection with a criminal investigation conducted "in conjunction with the U.S. Department of Justice's Fraud Division" by the U.S. Attorney for the Southern District of California. The FCPA infractions that are the subject of the business's internal inquiry were the subject of that subpoena, according to the company.
The business also got a separate subpoena in August for a criminal investigation the DOJ's antitrust division was conducting into alleged transgressions of U.S. antitrust law. That investigation is related “to three U.S. government procurements associated with the company’s intelligence group in 2021 and 2022.”
The business declared that it would fully comply with the investigations and that it was in the process of responding to both subpoenas.
By fLEXI tEAM