JPMorgan Chase Agrees To Pay $264 Million In Chinese Bribery Scheme JPMorgan Chase and its Hong Kong affiliate have agreed to pay fines totaling $264 million for their role in a scheme to win lucrative contracts in China. The bank acknowledged running a program in which it hired relatives of influential Chinese officials in exchange for certain business contracts. A Justice Department official said the scheme amounted to bribery. JPMorgan Chase and its Hong Kong affiliate have agreed to pay fines totaling $264 million for their role in a scheme to win lucrative contracts in China. The bank acknowledged running a program in which it hired relatives of influential Chinese officials in exchange for certain business contracts. A Justice Department official said the scheme amounted to bribery. Business
JPMorgan Chase and its Hong Kong affiliate have agreed to pay fines totaling $264 million for their role in a scheme to win lucrative contracts in China. The bank acknowledged running a program in which it hired relatives of influential Chinese officials in exchange for certain business contracts. A Justice Department official said the scheme amounted to bribery.
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