Monday, May 21st

Last update08:26:25 PM GMT

You are here: Technology United States Alcatel-Lucent pays $137m to settle US bribery case

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

Alcatel-Lucent pays $137m to settle US bribery case
Telecoms manufacturing firm Alcatel-Lucent is going to pay $137m (£88.7m) to settle United State charges that it paid bribes to triumph Asian and Latin American contracts.The French-based organization was blamed of bribing government officers in Costa Rica, Malaysia, Honduras, and Taiwan.

The United States Justice Department mentioned the bribes had been paid by Alcatel before it bought US-based business Lucent Technologies in 2006.Alcatel's controls had been "lax" the Securities and Exchange Commission said.

Alcatel-Lucent had created stipulation for the agreements last year and stated the expense would not have an effect on its 2010 outcomes.The news boosted the firm's shares, which rose up to 1.8 percent in thin trading, building it one of the greatest gainers on the stock market of Paris.

Joomla Templates and Joomla Extensions by JoomlaVision.Com
Share/Save/Bookmark