Marubeni Agrees to Pay $54.6 M Penalty to Resolve FCPA Case
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Author:
Bruce Zagaris
Date Published:
Thursday, March 1, 2012
Volume:
28
Issue:
3
Subject Areas:
Bribery
FATF
Prosecution
Geographic Identifier:
Japan
Nigeria
United States
Abstract:
On January 17, 2012, Marubeni Corporation agreed to pay a $54.6 million criminal penalty to resolve charges related to the Foreign Corrupt Practices Act (FCPA) for its participation in a decade-long scheme to bribe Nigerian government officials in order to obtain engineering, procurement and construction contracts.[1]
[1] U.S. Department of Justice, Marubeni Corporation Resolves Foreign Corrupt Practices Act Investigation and Agrees to Pay a $54.6 Million Criminal Penalty, Press Release, Jan. 17, 2012.