Construction Company Reaches Deal Over Bribery Case With World Bank, DOJ
The foreign bribery case against CDM Smith Inc., a private engineering and construction firm, cost the company $4 million last week.
July 03, 2017 at 10:51 AM
2 minute read
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.
During the bribery investigation last year, the company agreed to enhance its compliance program, and it hired Beth Colling as CCO. She is a former general counsel at Ally Consulting, and former CCO at the Schaeffler Group USA Inc., both in North Carolina, according to her LinkedIn profile.
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