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Alcatel-Lucent Pays $137M To Settle FCPA Charges

Melissa Klein Aguilar | December 29, 2010

The Department of Justice and the Securities and Exchange Commission capped off 2010 by closing another massive bribery investigation.

Paris-based telecommunications company Alcatel-Lucent and three of its subsidiaries have agreed to pay more $137 million to settle charges that it violated the Foreign Corrupt Practices Act by paying bribes to foreign government officials to win business in Latin America and Asia.

The company agreed to pay $92 million to settle criminal charges as part of a three-year deferred prosecution agreement with the U.S. Department of Justice, and $45 million in disgorgement to settle civil charges by the Securities and Exchange Commission. In addition, three of its subsidiaries will plead guilty to a criminal information charging one count of conspiracy to commit anti-bribery, books and records, and internal...

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