Background

The Department of Justice reports that a former senior executive with a French company has been sentenced to 15 months in prison for his role in a money laundering scheme designed to promote violations of the Foreign Corrupt Practices Act. The man was also fined $30,000.

The DOJ states that the former exec’s company engaged in a conspiracy to promote the payment of bribes to officials in Indonesia in exchange for assistance in securing a $118 million contract. Specifically, the man and his co-conspirators funneled money for the bribes to two consultants purportedly retained to provide legitimate consulting services in connection with the contract. 

For more information about U.S. export and anti-bribery laws and ensuring your company is in compliance, please contact export attorney Kristine Pirnia.

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