Marubeni — Extending FCPA's Jurisdictional Reach

Law360, New York (February 17, 2012, 1:34 PM EST) -- On Tuesday, Jan. 17, 2012, the U.S. Department of Justice filed a deferred prosecution agreement requiring Marubeni Corporation to pay $54.6 million in criminal penalties for its participation in a conspiracy to bribe Nigerian officials in violation of the U.S. Foreign Corrupt Practices Act.[1]

The deferred prosecution agreement requires Marubeni to retain a corporate compliance consultant for two years and to cooperate with the DOJ's ongoing investigations. The criminal charges against Marubeni will be dropped after two years so long as Marubeni abides by the terms...
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