Four former executives of BizJet International Sales and Support Inc., the U.S.-based subsidiary of Lufthansa Technik AG, were charged in a criminal indictment unsealed Friday for their alleged participation in a scheme to pay bribes to government officials in Latin America.
Entries in BizJet (5)
Twelve companies settled FCPA enforcement actions in 2012 by paying a total of $259.4 million.
The Tulsa, Oklahoma company and affiliates bribed 'employees of airlines created, controlled and exclusively owned by the People’s Republic of China in order to secure contracts' from those airlines, the DOJ said.
When BizJet paid $11.8 million this week to settle an FCPA conspiracy count, it received a huge discount from the DOJ.
BizJet International Sales and Support Inc. agreed to pay an $11.8 million criminal fine and enter into a three-year deferred prosecution agreement with the DOJ to resolve FCPA offenses in Latin America.