Philadelphia-based export company executives pleads guilty to corrupt payments

Joseph T. Lukas, who was a partner in Nexus Technologies Inc. until 2005, admitted that from 1999 until then, he and other Nexus’ employees bribed the officials in exchange for contracts with the agencies in which the officials worked.

The bribes were described as commissions in Nexus’ records, Lukas said.

Lukas is scheduled to be sentenced next April. He faces a maximum sentence of 10 years in prison.

Nexus was a privately owned export company that found potential U.S. suppliers for goods the Vietnamese government wanted to purchase, including underwater mapping equipment, bomb-containment equipment, helicopter parts, chemical detectors, satellite communication parts and air-tracking systems.

Nexus and Lukas’ alleged co-conspirators, Nam Nguyen, Kim Nguyen and An Nguyen, were also indicted. Cases are still pending against them.

Read more …

Former Executive of Philadelphia Company Pleads Guilty to Paying Bribes to Vietnamese Officials, June 29, 2009

Philadelphia Export Company and Employees Indicted for Paying Bribes to Foreign Officials, Sep 5, 2008

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