deanrd
Gold Member
- May 8, 2017
- 29,411
- 3,650
- 290
- Banned
- #1
Foreign Corrupt Practices Act
In 2018, Panasonic agreed to pay more than $143 million for charges stemming from violations of the act. According to the SEC, Panasonic offered a well-paying position to a government official with a state-owned airline in exchange for assistance securing business with the airline. Though Panasonic is headquartered in Japan, the offer was made to benefit a U.S.-based subsidiary of the company.
Communications provider Telia agreed in 2017 to pay $965 million as part of a worldwide settlement stemming from actions it took in violation of the FCPA to procure business in Uzbekistan.
---------------------
Can anyone say, "Free 50 million dollar penthouse for Vladimir Putin in Trump Tower Moscow?"
'nuff said.
In 2018, Panasonic agreed to pay more than $143 million for charges stemming from violations of the act. According to the SEC, Panasonic offered a well-paying position to a government official with a state-owned airline in exchange for assistance securing business with the airline. Though Panasonic is headquartered in Japan, the offer was made to benefit a U.S.-based subsidiary of the company.
Communications provider Telia agreed in 2017 to pay $965 million as part of a worldwide settlement stemming from actions it took in violation of the FCPA to procure business in Uzbekistan.
---------------------
Can anyone say, "Free 50 million dollar penthouse for Vladimir Putin in Trump Tower Moscow?"
'nuff said.