Boston-based engineering and construction firm CDM Smith will pay $4 million to settle allegations that it violated the Foreign Corrupt Practices Act (FCPA).
A Department of Justice investigation found that CDM Smith’s Indian subsidiary paid approximately $1.18 million in bribes to government officials in India in exchange for highway construction supervision and design contracts and a water project contract, resulting in approximately $4 million in net profits.
The Department decided to close its investigation of CDM Smith due to the company’s voluntary self-disclosure and its cooperation with the government, according to a letter sent to the company’s attorneys.
This is the second FCPA-related matter to be brought under the Trump administration, the first of which also resulted in a declination. Linde North America was ordered to pay $11.2 million for allegedly making corrupt payments to high level officials in the Republic of Georgia, but did not face further prosecution.
Read more here: corporatecrimereporter.com
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