Marubeni Corp., a Japanese commodity-trading firm, has pleaded guilty to eight Foreign Corrupt Practices Act charges related to the company and its French partner, Alstom SA, in connection with an electricity contract in Indonesia, the FCPA Blog reported Wednesday.
Marubeni pleaded guilty to one count of conspiracy to violate the FCPA and seven FCPA offenses, and agreed to pay a criminal fine of $88 million, the FCPA Blog reported, citing a Department of Justice announcement.The company is scheduled to be sentenced in Connecticut on May 15.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
