The foreign bribery case against CDM Smith Inc., a private engineering and construction firm, cost the company $4 million last week. But it earned CDM Smith a declination of prosecution—the seventh listed under the government’s recently implemented Foreign Corrupt Practices Act pilot program—as well as a “conditional non-debarment” from the World Bank Group.
The case also resulted in the Boston-based company hiring its first chief compliance officer, according to the Department of Justice’s letter of declination, signed on June 29.
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