Alcatel To Pay €93M To End Bribery Investigation

Law360, New York (February 19, 2010, 2:17 PM EST) -- The telecommunications equipment provider Alcatel-Lucent reportedly has agreed to pay €93 million ($126 million) to end investigations into alleged bribery in several countries.

In addition to the fines, the French-American company will also be placed on probation for three years and be subject to a French anti-corruption monitor, according to a Feb. 11 European regulatory filing reported by Reuters on Friday.

In exchange, the U.S. Department of Justice will not prosecute charges that Alcatel violated the Foreign Corrupt Practices Act in Costa Rica, Taiwan and Kenya,...
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