Aircraft Repair Co. To Cough Up $12M Over FCPA Charges

Law360, New York (March 14, 2012, 4:08 PM EDT) -- Aircraft maintenance company BizJet International Sales and Support Inc. has agreed to pay a $11.8 million penalty over charges that it violated the Foreign Corrupt Practices Act by bribing Latin American officials for business contracts, the U.S. Department of Justice announced Wednesday.

Assistant Attorney General Lanny A. Breuer said the company had agreed to pay the fine and to enter into a deferred prosecution agreement to resolve the one-count criminal information filed in Oklahoma federal court Wednesday, accusing BizJet of conspiracy to violate the FCPA's anti-bribery...
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