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Article: British construction company to pay [pounds sterling]6.55m in connection with overseas bribery offenses, as the SFO asks UK corporates to self-report corruption issues.
- Article from:
- Mondaq Business Briefing
- Article date:
- September 29, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Originally published September 25, 2009
Keywords: Overseas bribery offenses, SFO, corruption, Mabey & Johnson Ltd, illicit payments, criminal charges, Foreign Corrupt Practices Act, FCPA
Mabey & Johnson Ltd, a British company which manufactures bridge equipment, pleaded guilty at Southwark Crown Court to a series of corruption offenses committed overseas and is to pay a total of [pounds sterling]6.55m in connection with these offenses. On Friday September 25, 2009 the company was ordered by the court to pay [pounds sterling]4.6m in fines and disgorgement of profits. In addition, the company has undertaken to pay reparations to the affected countries. It ...