Japanese prosecutors arrested four on suspicion of corrupt payments to a Vietnamese official

Tokyo, 5 Aug 2008 (Daily Yomiuri)—Japanese prosecutors on arrested four men on April 4, including a former president of Pacific Consultants International, on suspicion of providing a Vietnamese official with about 90 million yen in bribes in connection with road construction projects in Vietnam undertaken with official development assistance from Japan.

The ODA project in question involved the construction of an east-to-west trunk road in Ho Chi Minh City. PCI won consulting contracts from Ho Chi Minh City worth a total of about 3.1 billion yen in fiscal 2001 and 2003.

They reportedly gave 600,000 dollars in December 2003 and 220,000 dollars in August 2006, in return for the official’s role in helping the firm secure the project and similar favors in the future. They gave the money at the office of his city government section.

Read more …

Foreign Corrupt Practices Act (FCPA): News, Updates and Important Links.