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WASHINGTON, Dec 29 (Reuters) - General Cable Corp has agreed to pay a $20 million penalty to resolve a U.S. investigation into improper payments to government officials in five countries in Asia and Africa, the Justice Department said on Thursday.
"General Cable paid bribes to officials in multiple countries in a scheme that involved a high-level executive of the company and resulted in profits of more than $50 million worldwide," Assistant Attorney General Leslie Caldwell said in a statement.
Caldwell said the Kentucky-based maker and distributor of wire and cable voluntarily disclosed the misconduct, which involved officials in Angola, Bangladesh, China, Indonesia and Thailand.
Reporting by Doina Chiacu; Editing by Chizu Nomiyama