U.S. Telecom Company Agrees To Pay $1.5 Million Penalty for Bribes in China

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Monday, March 1, 2010

Author:

Bruce Zagaris

Volume:

26

Issue:

3

Abstract:

On December 31, 2009, the UTStarcom Inc. (UTSI) agreed with the U.S. Department of Justice to pay a penalty of $1.5 million for violations of the Foreign Corrupt Practices (FCPA) by providing travel and other things of value to foreign officials, particularly employees at state-owned telecommunications firms in the People’s Republic of China...more...