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Article: Suit claims top Lucent officials approved Saudi bribery payments
- Article from:
- AP Worldstream
- Article date:
- March 18, 2004
- Author:
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LINDA A. JOHNSON, AP Business Writer
AP Worldstream
03-18-2004
Dateline: TRENTON, New Jersey
A Saudi telecom company claims in a lawsuit that top current and former executives of telecommunications gear maker Lucent Technologies were directly involved in a seven-year bribery scheme to win billions of dollars worth of business from Saudi Arabia's government.
Silki-La-Silki National Telecom Ltd. sued Lucent in August, accusing it of bribing Saudi Arabia's former telecommunications minister with cash and gifts worth $15 million to $21 million from 1995 through 2002. The suit said Lucent paid the money to gain business from the Saudi Telecommunications Co., the country's monopoly wireless ...