JGC to Pay $218.8 Million to Resolve Foreign Bribery Charges
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JGC Corp., a Tokyo-based construction and engineering company, agreed to pay a $218.8 million criminal penalty to avoid prosecution on charges it bribed Nigerian officials for contracts on natural gas projects.
The U.S. Justice Department today charged JGC in Houston with one count of conspiracy and one count of aiding and abetting violations of the Foreign Corrupt Practices Act in what it called a decade-long bribery scheme. The department agreed to defer prosecution for two years and dismiss the charges if JGC improves its programs to comply with the law.