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The sale does not prevent U.S. agencies from fining the company for profits reaped in the past through bribes, however. Authorities can bring a civil complaint against the company and criminal charges against executives up to five years after alleged wrongdoing, according to Barry Slotnick, a lawyer who advised Wynn Resorts Ltd. in its recent tussle with a former shareholder accused of bribing Philippines officials over a casino license. Most large companies with operations in other countries, and certainly News Corp., would have been aware of the dangers of running afoul of the act, he said. "With regard to the Foreign Corrupt Practices Act, they're aware of it, they know about it and they certainly shy away from it," Slotnick said. Shortly after the British phone hacking scandal broke last July, News Corp.'s independent directors hired the firm of prominent lawyer Michael Mukasey, a lawyer who has lobbied Washington to change the foreign bribery act, to advise them. Murdoch himself had grown leery of News Corp.'s business in Russia as early as 2008. In August that year, he expressed his reservation to analysts on a quarterly conference call. "The more I read about investments in Russia, the less I like the feel of it," he said. "And the more successful we'd be, the more vulnerable we'd be to have it stolen from us, so better we sell now."
[Associated
Press;
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