U.S. Grand Jury Indicts IT Executive and Former IT Manager of Australian Bank with Bribery and Kickback Scheme

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Friday, October 20, 2017
Author: 
Bruce Zagaris
Volume: 
33
Issue: 
10
Abstract: 

On September 27, 2017, a federal grand jury in Los Angeles, California returned an indictment, charging that the former head of Santa Monica-based Service Mesh, Inc. paid bribes to former IT executives at Commonwealth Bank of Australia in order to approve millions of dollars in contracts that inflated ServiceMesh revenues and fraudulently caused Computer Sciences Corporation (CDC) to pay a nearly $100 million incentive bonus as part of CSC’s acquisition of the cloud software company.