The Japanese corporation agreed to pay USD 88 million after admitting having bribed Indonesian officials. (Photo Credit: Виталий Смолыгин)
(UNITED STATES, 3/21/2014)
Japanese trading company Marubeni Corp agreed to pay USD 88 million for having bribed Indonesia officials for power project.
The US Justice Department reported that the firm has pleaded guilty to eight criminal charges in federal court in Connecticut, consisting of violations of the Foreign Corrupt Practices Act, which prohibits businesses for paying off government officials, Reuters informed.
"The company refused to play by the rules, then refused to cooperate with the government's investigation," said Acting Assistant Attorney General Mythili Raman of the Justice Department's Criminal Division. "Now Marubeni faces the consequences for its crooked business practices in Indonesia."
The agency also remarked that the Chiyoda-Ku, Japan-based commodity-trading firm has agreed to implement an enhanced global anti-corruption compliance prog...
Accusations voiced against Tasmanian salmon farmers Australia
There have been claims at the Parliament of Tasmania that Macquarie Harbour may not be healthy enough for salmon farming.
This waterway is home to large-scale fish farms owned by salmon producers Tas...