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General

Alcatel-Lucent to pay USD 137 mln to settle bribery case

Tuesday 28 December 2010 | 09:43 CET | News
Alcatel-Lucent has agreed to pay USD 92 million in fines to the US department of justice to settle charges that three of its subsidiaries paid bribes to government officials to secure contracts in Costa Rica, Honduras, Malaysia and Taiwan between 2001-2006, according to a department of justice statement. Alcatel-Lucent also reached a USD 45.37 million settlement with the SEC for violations of the foreign corrupt practices act (FCPA) and agreed to comply with the SEC's FCPA compliance programme. Alcatel-Lucent admitted that it violated internal books and records provisions of the foreign

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Categories: General
Companies: Alcatel-Lucent USA/FR
Countries: United States / World
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