The Japanese engineering company JGC Corporation has reached a deferred prosecution agreement with the U.S. Justice Department over millions of dollars in bribes it paid to Nigerian government officials. JGC agreed to pay a nearly $219 million criminal penalty, ending a probe that snared four companies.
Alexandra Wrage, president of the nonprofit TRACE International Inc., said, “The big takeaway here is that the penalties are greater than the profits.” TRACE works with member companies on anti-bribery compliance.
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