Las Vegas Sands pays $7 million to end U.S. criminal bribery case

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The casino operator run by billionaire Sheldon Adelson on Thursday also entered a non-prosecution agreement, in which it admitted that executives knowingly failed to set up accounting controls to ensure that the payments were legitimate, and were properly recorded in its books and records. From 2006 to 2009, Las Vegas Sands transferred about $60 million to the consultant to promote its business and brands, and paid him about $5.8 million without any "discernable legitimate business purpose," according to settlement papers. The resolution of the Foreign Corrupt Practices Act case follows Las Vegas Sands' related $9 million civil settlement last year with the U.S. Securities and Exchange Commission over its dealings with the consultant.

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