FBI sting nets 22 executives charged with paying bribes abroad
Jan 20, 2010 at 12:00 AM
According to the Christian Science Monitor 22 executives at military and law-enforcement supply companies have been arrested in a sting operation that is being called the nation’s largest effort to enforce the Foreign Corrupt Practices Act.The business representatives were charged with attempting to pay bribes to win lucrative overseas contracts worth $15 million. The defendants were snared in an undercover operation run by the Federal Bureau of Investigation, in which two undercover agents posed as representatives of the ministry of defense of an unidentified African nation.Under the alleged scheme, the supply company executives agreed to submit invoices inflated by 20 percent to cover agreed upon bribes and kickbacks that were to be paid to the middlemen and the minister of defense.“This ongoing investigation is the first large-scale use of undercover law enforcement techniques to uncover FCPA violations and the largest action every undertaken by the Justice Department against individuals for FCPA violations,” said Assistant Attorney General Lanny Breuer, who called the actions "a turning point."Read the full report at the target="_blank"> Christian Science Monitor's Web site.