finance · City PM ↗
CARLYLE GROUP TO PAY $20M FINE
Citation-ready fact
The Carlyle Group agreed to pay a $20m (£13.3m) fine.
20 $ · fine13.3 £ · fine
The Carlyle Group, private equity firm
Citation-ready fact
The Carlyle Group is an $85.5bn private equity firm.
85.5 $bn · firm assets
Carlyle, private equity firm
Citation-ready fact
The investigation into alleged corruption was a two-year investigation by New York’s attorney-general Andrew Cuomo.
2 years · investigation duration
Andrew Cuomo, attorney-general
Private equity firm The Carlyle Group yesterday agreed to pay a $20m (£13.3m) fine, and to sign a strict code of conduct to resolve its role in an investigation into alleged corruption involving New York’s largest public pension fund. Carlyle, an $85.5bn private equity firm, will be the first buy-out firm to pay a fine as a result of a two-year investigation by New York’s attorney-general, Andrew Cuomo. It will also be the first to adopt Mr Cuomo’s code of conduct, which was written for public pension funds.
This article was originally published by City PM ↗. citations.press indexes the source-backed facts above and links to the original. Something wrong? Corrections policy · Report an error