SAN JOSE, Calif. - Alcatel-Lucent has concluded its settlements with the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) following their investigations of violations of the Foreign Corrupt Practices Act.
The U.S. charged that French telecommunications giant Alcatel-Lucent paid bribes to win contracts in Latin America and Asia several years ago.
Alcatel-Lucent has recognized a provision of 93 million euros ($137) in connection with the FCPA investigation in the fourth quarter 2009. Early next year the settlements will be submitted to the U.S. Federal Court for formal approval.
The initial agreements in principle with the two U.S. government agencies were disclosed in public filings last year. Alcatel-Lucent entered into a deferred prosecution agreement with the DOJ by which the company will be criminally charged with violations of the books and records and internal controls provisions of the FCPA, but prosecution of those charges will be deferred for a three-year period.
In addition, three Alcatel-Lucent subsidiaries will each plead guilty to a criminal information charging one count of conspiracy to commit anti-bribery, books and records, and internal controls violations of the FCPA. Alcatel-Lucent also agreed to resolve related civil anti-bribery, books and records, and internal controls charges filed by the SEC.
"...innocent untill proven guilty." - this is defense lawyer talk for the criminals.
A criminal (person or enterprise) is one that broke the law. A criminal is not innocent - it is just that the criminal is not found guilty yet.
Alcatel-Lucent knowingly engaged in criminal behavior in this case. Please don't call this innocent behavior until proven guilty. Anyoone who does so contributes to merely meeting legal (lowest/minimum expected) requirement, and not ethical (higher) business conduct.
I disagree. Bribing and relation development are two faces of coin. If you have a competitive product at competitive price, you do not need to bribe. Yes, you need strong customer relationship offcourse. Just my opinion.
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