Alcatel settles global bribery case
By Curt Anderson |
June 3, 2011, Friday
|
Print Edition
Print Edition
French telecommunications company Alcatel-Lucent SA has finalized its settlement with the United States over bribes paid to officials in Costa Rica, Honduras, Malaysia and Taiwan.
The deal concluded in Miami federal court includes a US$92 million penalty as part of a deferred prosecution agreement with the Justice Department.
Alcatel has already paid another US$45 million to settle a related Securities and Exchange Commission case and US$10 million in a corruption case brought by the Costa Rican government.
"It is one of the largest resolutions in the history of the Foreign Corrupt Practices Act," said Charles Duross, a Justice Department fraud prosecutor.
Three Alcatel subsidiaries pleaded guilty to violating the anti-bribery law and will pay a combined US$1.5 million in fines.
Prosecutors said the bribes enabled Alcatel to win numerous multimillion-dollar contracts in the four countries and regions.
The deal concluded in Miami federal court includes a US$92 million penalty as part of a deferred prosecution agreement with the Justice Department.
Alcatel has already paid another US$45 million to settle a related Securities and Exchange Commission case and US$10 million in a corruption case brought by the Costa Rican government.
"It is one of the largest resolutions in the history of the Foreign Corrupt Practices Act," said Charles Duross, a Justice Department fraud prosecutor.
Three Alcatel subsidiaries pleaded guilty to violating the anti-bribery law and will pay a combined US$1.5 million in fines.
Prosecutors said the bribes enabled Alcatel to win numerous multimillion-dollar contracts in the four countries and regions.
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