WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Thursday that advertising company Clear Channel Outdoor Holdings agreed to pay more than $26 million to resolve charges it bribed Chinese government officials to obtain outdoor advertising contracts in violation of U.S. law.
Representatives for Clear Channel Outdoor did not respond immediately to requests for comment.
(Reporting by Kanishka Singh and Chris Prentice; Editing by Chris Reese)
