U.S. prosecutors recently unsealed charges against three executives who were involved in a bribery and money laundering scheme that violated the Foreign Corrupt Practices Act (FCPA). The executives bribed Indonesian officials to win a contract for a power project over a decade ago.
In 2014, the French transportation company Alstom SA settled with the U.S. Department of Justice (DOJ) and agreed to pay $772 million to resolve FCPA charges. That same year, Japanese trading company Marubeni Corp. also settled its own FCPA case with the DOJ for $88 million.
In early February, the DOJ unsealed criminal indictments against two high-ranking executives from Alstom and one executive from Marubeni. The charges accuse the executives of bribing Indonesian officials in exchange for help securing the $118 million power plant contract.
Read the story, from the Wall Street Journal: Charges Unsealed Against Executives Who Allegedly Paid Bribes in Indonesia.
