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The Wall Street Journal: Standard Chartered investment in Indonesia under U.S. probe

The Justice Department is investigating Standard Chartered PLC over allegations that an Indonesian power company controlled by the London-based bank paid bribes to win contracts.

An internal audit at Maxpower Group Pte. Ltd., a power-plant builder in Southeast Asia, found evidence of possible bribery and other misconduct, findings that were echoed in a separate review by a law firm hired by Maxpower, according to copies of those reports reviewed by The Wall Street Journal. U.S. prosecutors are looking into whether Standard Chartered STAN, -2.62% is culpable for not stopping the alleged misconduct, people with knowledge of the investigation said.

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