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.
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