Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Ex-IMI California Executive Pleads Guilty in Bribery Case

Paul Cosgrove, the former head of worldwide sales at IMI Plc’s California unit Control Components Inc., pleaded guilty to violating the U.S. Foreign Corrupt Practices Act.

Cosgrove, 65, pleaded guilty today in federal court in Santa Ana, California, to paying a bribe to a Chinese government official, the U.S. Justice Department said in a statement. He faces as long as 15 months in prison at his sentencing, according to the statement.

Cosgrove is the fourth former Control Components executive to plead guilty out of six charged in 2009 for bribing officials at state-owned companies in China, Malaysia and the United Arab Emirates to win contracts for Rancho Santa Margarita, California-based Control Components.

The company, a maker of control valves used in nuclear, oil and gas power plants, paid an $18.2 million fine in 2009 as part of a plea agreement. Control Components and IMI, based in Birmingham, England, cooperated with the investigation, the company said at the time.

Thomas Bienert Jr., Cosgrove’s lawyer, didn’t immediately return a call to his office for comment on the plea.

The case is U.S. v. Carson, 09-00077, U.S District Court, Southern District of California (Santa Ana.)

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.