03/14/2018 Financial Times
Shares in Mexican buildings materials company, Cemex, tumbled more than 2 per cent after the company announced it was under investigation by the US Department of Justice.
The probe relates to whether Cemex violated the Foreign Corrupt Practices Act in relation to the construction of a plant in Colombia. The investigation, over alleged irregular payments, dates back to 2016.
Cemex said it would comply fully with the investigation but was not yet able to say if there would be any sanctions and if there were, what their impact would be.