Major financial institution pleads guilty

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Question

A former senior official of a major financial institution pleads guilty to taking a $40,000 kickback while working for the corporation. He admits accepting a secret commission in exchange for listing real estate with another realtor who was a personal friend. Using the laws relating to principal and agent, explain what offence has been committed here.

Reference no: EM133682974

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Major financial institution pleads guilty : A former senior official of a major financial institution pleads guilty to taking a $40,000 kickback while working for the corporation.

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