A former coal company executive was arrested Thursday on charges of violating the Foreign Corrupt Practices Act (FCPA), laundering funds, and receiving kickbacks in an alleged bribery scheme in Egypt, the Department of Justice announced.

Between late 2016 and early 2020, Charles Hunter Hobson engaged in a scheme to pay bribes to government officials in Egypt related to contracts with Egyptian state-owned and state-controlled manufacturer Al Nasr Company for Coke and Chemicals (Al Nasr), according to the allegations in the indictment.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...