Dear FCPA Blog,
Not sure if you've been following the John McAfee story in detail but I've been reading his blog (which he's writing while on the lam) and he had two posts back to back about corruption.
Entries in Columbia (3)
Dear FCPA Blog,
Next week the World Compliance FCPA Tour, which we're pleased to be a part of, will be in Colombia -- Bogota, Barranquilla, and Medellin -- hosted there by AmCham.
As reported Friday, one of the 22 shot-show defendants, Daniel Alvirez, is expected to plead guilty soon to charges of conspiracy to violate the Foreign Corrupt Practices Act. The government's two-count superseding information alleged that he plotted to bribe defense officials in Africa and the Republic of Georgia.
What to expect now? We asked someone familiar with the evidence, who requested anonymity. Here's what he or she told us:
The government's video and audio tapes are of good quality and the confidential informant, Richard Bistrong, should be an effective witness despite some baggage. Overall, the cases appear to be strong and supported by ample evidence.
There are indications of more foreign bribery involving the military-equipment industry; the allegations in the first 16 indictments (available here) and the superseding information may be the tip of the iceberg.
The Justice Department is seeking to build bigger cases against some current defendants. It may also indict other individuals.
Investigators could also be looking at involvement by some well-known industry leaders -- an Indian military-equipment supplier, three U.S. public companies, and two large private security contractors among them.
Countries and governments involved may include not just Georgia (mentioned in the superseding information) but also Peru, Mexico, Saudi Arabia, Guatemala, the Philippines, Colombia, and others. Representatives from some of the countries could be targeted by the Justice Department.