May 01, 2017
The case against Magyar Telekom Plc executives is now closed, after the final two defendants agreed to settle charges this month. The executives agreed to pay a total of US $400,000 in penalties. The World Bank debarred Consia Consultants ApS for 14 years after finding that the company had likely engaged in corrupt activity in connection with projects in Indonesia and Vietnam. And an employee of the Indonesian unit of Lulu Group International was convicted of bribing an Indonesian tax official to eliminate the company’s US $5.8 million tax liability.
Visit the TRACE Compendium to view the complete entries, along with other updates from this month.