Brief: Brooge Energy Reaches Settlement With U.S. SEC Related To Alleged Fraudulent Accounting And Offering Conduct By Company And Two Former Officers
22/12/2023 21:45
Dec 22 (Reuters) - Brooge Energy Ltd 3SF.F :
* BROOGE ENERGY LTD - REACHED SETTLEMENT WITH U.S. SEC
RELATED TO
ALLEGED FRAUDULENT ACCOUNTING AND OFFERING CONDUCT BY COMPANY
AND TWO FORMER OFFICERS
* BROOGE ENERGY LTD - PURSUANT TO SEC ADMINISTRATIVE ORDER,
CO
WILL PAY A CIVIL MONEY PENALTY IN AMOUNT OF $5 MILLION
* BROOGE ENERGY LTD - TWO FORMER OFFICERS OF COMPANY
RESOLVED
RELATED SEC CHARGES WITHOUT ADMITTING OR DENYING SEC S FINDINGS
Further company coverage: 3SF.F
((Reuters.Briefs@thomsonreuters.com;))
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