March 2 Las Vegas Sands Corp said it
"likely" violated the federal Foreign Corrupt Practices Act,
which outlaws the bribery of foreign officials, according to a
Securities and Exchange Commission filing on Friday.
The filing marks the first disclosure by the casino
operator, controlled by founder and billionaire Republican donor
Sheldon Adelson, that is was under investigation.
The SEC subpoenaed company documents in February 2011
relating to its compliance with the antibribery act while the
U.S. Department of Justice also advised Sands it was conducting
an investigation, the company said in its annual report filing.
"There were likely violations of the books and records and
internal controls provisions of the FCPA," the company said.
Sands spokesman Ron Reese said on Saturday he had no
additional comment beyond the SEC filing.
Reuters reported exclusively in August that Sands allowed a
man identified by the U.S. Senate as an organized crime figure
to move a $100,000 gambling credit from a Las Vegas casino to
one of its Macau casinos.
The company's findings are related to deals in mainland
China led by executives no longer employed at Sands, the Wall
Street Journal reported, sourcing a person familiar with the
Sands, in the filing, said the issue would have no material
impact on the company's financial records and that it would not
need to restate any past financial statements.