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$7.1 Million Penalty to Settle Charges of Bribery of Foreign Officials

Monday, June 22, 2015
Sandler, Travis & Rosenberg Trade Report

The Department of Justice reports that a Florida defense and government contracting company has entered into a non-prosecution agreement and agreed to pay a $7.1 million penalty to resolve an investigation into whether it conspired to bribe Kuwaiti officials to secure a government contract. A former vice president of the company has also pleaded guilty to conspiracy to violate the Foreign Corrupt Practices Act for his involvement in this scheme. A DOJ press release states that the NPA requires the company to conduct a review of its existing internal controls, policies and procedures, make any necessary modifications to ensure that it maintains accurate records and a rigorous anti-corruption compliance program, and report periodically on these efforts.

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