EXCLUSIVE U.S. official in charge of policing corporate crime leaving Justice Dept

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  • JPMorgan Chase & Co.
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  • Goldman Sachs Group Inc.
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  • Alstom SA
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NEW YORK/WASHINGTON SEPTEMBER 29 (Businesshala) – Longtime US Justice Department official Daniel Kahn, who oversaw high-profile bribery cases against French energy company Alstom SA and Brazilian construction group Odebrecht SA, for the private sector are leaving the government, a source told Businesshala.

A source familiar with the move said Kahn will join white-shoe defense firm Davis Polk & Wardwell.

Cannes and Justice Department spokeswoman and Davis Polk did not immediately respond to requests for comment.

The U.S. Senate confirmed Kenneth Polite to head the Justice Department’s criminal division in July, but Polite has yet to be permanently selected to head the division’s fraud section, which deals with the agency’s actions against corporations and their executives. Leads criminal enforcement.

Last year, the fraud section secured $2.9 billion in US criminal penalties and payments, and a market manipulation investigation against JPMorgan Chase & Company (JPM.N) and Goldman Sachs Group Inc (GS.N) Malaysia’s 1MDB corruption. for his role in the scam. The companies admitted wrongdoing as part of the settlements.

As Acting Deputy Assistant Attorney General in the Criminal Division, Kahn headed the Criminal Division’s fraud and appellate sections. Prior to this, he had various leadership roles in the fraud section, which included overseeing the team handling foreign bribery cases for three years. He joined the Justice Department in 2010 after working six years at Davis Polk.

Corporate guilty pleas in the cases against Alstom (ALSO.PA) in 2014 and Odebrecht in 2016 and what were the record fines at the time.

Reporting by Jody Godoy in New York and Chris Prentiss in Washington, DC; Editing by Nolen Walder and Steve Orlofsky
jodi godoy

Jody Godoy reports on banking and securities law. Reach him at [email protected]


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