The Department of Justice (DoJ) is preparing subpoenas as part of an initial investigation into whether News Corp violated the Foreign Corrupts Practices Act (FCPA) when its British subsidiary allegedly bribed police officers in the U.K.:
The issuance of subpoenas would represent an escalation of scrutiny on the New York-based media company. While the company has sought to isolate the legal problems in the U.K., it has been bracing for increased scrutiny from both the Justice Department and the Securities and Exchange Commission, according to people familiar with the company’s strategy.
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