DOJ declines to prosecute Corsa Coal in FCPA case
By 
Kyle Brasseur2023-03-13T13:40:00
The Department of Justice (DOJ) published its first declination regarding a company’s apparent violation of the Foreign Corrupt Practices Act (FCPA) since putting forward new guidance on the value of voluntary self-disclosure to the agency.
Legal representatives of Pennsylvania-based Corsa Coal Corp. were notified March 8 the coal mining company would not face prosecution for alleged bribes employees paid to Egypt’s Al Nasr Company for Coke and Chemicals to secure coal supply contracts. The DOJ said Corsa paid approximately $4.8 million to an Egypt-based third party that its employees knew would be used to bribe Egyptian government officials, including the chairman of Al Nasr.
The scheme occurred from 2016-20, according to the DOJ, and earned Corsa approximately $32.7 million in profits.
Related articles
-
PremiumDOJ floats declinations as incentive under M&A self-disclosure safe harbor
The Department of Justice’s push to incentivize companies to voluntarily self-disclose potential misconduct reached its next stage in the form of a safe harbor policy regarding mergers and acquisitions.
-
News Brief
FCPA opinion shines light on reasonable expenses for foreign officials
A Foreign Corrupt Practices Act review published by the Department of Justice offers further clarity around when the agency would determine expenses paid on behalf of a foreign official to be deemed “reasonable and bona fide.”
-
News BriefGrupo Aval to pay $81M in landmark FCPA case
Colombian conglomerate Grupo Aval agreed to pay nearly $81 million as part of settlements addressing alleged bribes paid by its bank subsidiary Corficolombiana to win a highway construction contract.
More from Regulatory Enforcement
-
ArticleFlorida seafood exec faces 10 years for crab claw price fixing
A Florida seafood company executive has pleaded guilty to conspiring with competitors to fix the prices he paid to local fishers, an effort that impacted more than $8 million in wholesale fish and cut the pay of hundreds of fishers, the Department of Justice said.
-
ArticleFormer U.S. clothing business CEO faces 25 years for bribery in Honduras
The former CEO of a Georgia clothing business faces 25 years in prison for bribing Honduran officials to win $10 million in uniform contracts in Honduras, after being caught up in a Department of Justice Anticorruption Task Force.
-
News BriefDOJ sues Uber over alleged discrimination against disabled riders
The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.