Tuesday, October 27, 2020

Don't Ever, Ever, Ever Bribe Foreign Officials to Obtain Lucrative Business Contracts

©iStock/Yumi mini
For bribing foreign officials to obtain lucrative business contracts, a global financial institution, namely Goldman Sachs, and its Malaysian subsidiary have agreed to pay more than $2.9 billion in criminal fines, civil penalties, and disgorgement.  This is according to a Department of Justice (DOJ) press release report

Here's the thing:  A DOJ official said this represents the largest monetary penalty ever paid to the U.S. in a corporate criminal foreign bribery resolution.

Don't ever, ever, ever bribe foreign officials to obtain lucrative business contracts.  I write about this in my book, Exporting:  The Definitive Guide to Selling Abroad Profitably.  No ands, ifs or buts on this deal.

Learn more about the law firm who reported this case and discover other companies and countries that are involved in bribery cases.

No comments: