Thursday, January 06, 2011

Alcatel-Lucent pays $137m to settle US bribery case


Telecoms equipment giant Alcatel-Lucent will pay $137m (£88.7m) to settle US charges that it paid bribes to win Latin American and Asian contracts.

The French-based firm was accused of bribing government officials in Costa Rica, Honduras, Malaysia and Taiwan.

The US Justice Department said the bribes were paid by Alcatel before it bought US-based company Lucent Technologies in 2006.

See full Article.