Alcatel-Lucent to Pay USD 2.5m in Bribery Fines
Sohu IT, 12/24/07
Alcatel-Lucent will pay USD 2.5 million to settle charges that it violated U.S. anti-bribery laws by paying for trips to the US taken by Chinese officials to secure millions of dollars worth of telecom equipment contracts.
The trip fees were provided between 2000 and 2003 by Lucent Technologies, prior to its 2006 acquisition by Alcatel SA.
The company will pay a USD 1 million fine to the Justice Department and USD 1.5 million to the Securities and Exchange Commission (SEC).
The Justice Department agreed to forego criminal prosecution of Lucent as part of the settlement.
Keywords: Alcatel-Lucent supply contract law Lucent Technologies litigation telecom
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