Difference between revisions of "Foreign bribery and FCPA violations"

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|[https://www.justice.gov/opa/pr/odebrecht-and-braskem-plead-guilty-and-agree-pay-least-35-billion-global-penalties-resolve $957 Million]
|[https://www.justice.gov/opa/pr/odebrecht-and-braskem-plead-guilty-and-agree-pay-least-35-billion-global-penalties-resolve $957 Million]
|Brazilian-based petrochemical manufacturer Braskem violated the FCPA by concealing bribes paid to government officials in Brazil through intermediaries over an 8 year period. Braskem paid approximately $250 million into Odebrecht’s (see above) secret bribe payment system and then authorized payments to various politicians, political parties, and officials in Brazil to receive preferential treatment, contracts, and favorable legislation related to the state-controlled oil company Petrobas.
|Brazilian-based petrochemical manufacturer Braskem violated the FCPA by concealing bribes paid to government officials in Brazil through intermediaries over an 8 year period. Braskem paid approximately $250 million into Odebrecht’s (see above) secret bribe payment system and then authorized payments to various politicians, political parties, and officials in Brazil to receive preferential treatment, contracts, and favorable legislation related to the state-controlled oil company Petrobas.
|-
|Rolls Royce
|[$809 Million]
|German company Siemens made illicit payments to foreign government officials in numerous countries in exchange for favorable business treatment during bidding processes. It also “engaged in systematic efforts to falsify its corporate books and records and knowingly failed to implement and circumvent existing internal controls.” Bribery by Siemens AG included: in Iraq, four Siemens subsidiaries paid Iraqi government officials $1.7 billion to win 42 contracts as part of the UN Oil-For-Food Program; in Bangladesh, over $5 million in payments were made to officials during a mobile telephone project; in Argentina, over $31 million in payments were made to officials during a national ID card project; in Venezuela, over $18 million in payments were made during two mass transit projects.
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|Siemens AG
|Siemens AG