International Corruption in PanamaSAP International agreed with the the US National Stock Committee to pay $3.7 million of its profits and $189,000 in interest for bribing panamanian officials.Friday, February 5, 2016
The penalty relates to the corruption case linked to former company executive, Vicente Eduardo Garcia, who was sentenced to 22 months in prison for bribing Panamanian officials. Garcia paid $145,000 in bribes to the company Advanced Consulting Panama, SA, who won a $14.5 million contract with the Social Security Department which included the sale of software licenses. Source: Prensa.com ¿Busca soluciones de inteligencia comercial para su empresa?Corruption as a HabitOctober 2017 Proportion of people who have paid a bribe in the last year to access a public service: in Panama 38%, in Honduras 33%, in El Salvador 31%, in Nicaragua 30%, in Guatemala 28% and in Costa Rica, 24%. Odebrecht: An Open SecretJanuary 2017 The revelation that the brazilian construction company paid nearly $60 million in bribes in Panama is a clear wake-up call to society and the private sector, which must demand transparency in government procurement processes. Former President of Odebrecht ConvictedMarch 2016 The court ruling that imposed a 19 year prison sentence has forced a review of the projects being managed by the company in the region, where two projects which are underway in Panama alone, total $2.4 billion. ICE Files Complaint Against Lucent in Florida, U.S.May 2010 El Instituto Costarricense de Electricidad (ICE), Costa Rica's telecommunications and electricity provider, filed a complaint in Miami, Florida, against Alcatel Lucent S.A. and other related parties.
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