According to its latest consolidated financial statements, Alcatel-Lucent has reached agreement in principle with the Justice Department and the Securities and Exchange Commission to settle Foreign Corrupt Practices Act offenses related to Costa Rica, Taiwan and Kenya. If the settlement goes ahead, the company will pay a $92 million criminal fine (payable over three years) […]
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A government-owned company that awarded Alcatel-Lucent more than $300 in bribe-tainted contracts has asked a federal court in Florida to block Alcatel’s FCPA settlement with the U.S. government, saying the terms violate a federal victim’s rights law.
It Misused Affirmative Defense For Promotional Expenses Lucent Technologies Inc. settled U.S. Foreign Corrupt Practices Act charges with the Department of Justice and the Securities and Exchange Commission for $2.5 million. The settlement includes a $1 million criminal fine and $1.5 million in civil penalties. Lucent’s violations involved promotional expenses for Chinese government officials. The […]
What a difference a year or so makes. In December 2007, Lucent Technologies Inc. — which became part of Alcatel SA in November 2006 — settled Foreign Corrupt Practices Act charges. It had illegally paid millions of dollars for Chinese officials to take more than 300 trips to the U.S., Europe and elsewhere. They were […]
Just three directors and three employees out of 16,000 personnel at Costa Rica’s Instituto Costarricense de Electricidad, S.A. (ICE) benefited from Alcatel-Lucent’s bribery, ICE said in a filing this weekend.