Marubeni Corp Pleads Guilty to Bribery Charges

Japanese trading company Marubeni Corporation has pleaded guilty in the US to offering bribes to high-ranking Indonesian government officials to acquire a $118 million power project in the country. The Japanese firm has been working in collaboration with a Connecticut company for over seven years, to pay and to conceal the bribes it has offered to officials in Indonesia. Among the officials bribed were a high-ranking member of the Indonesian Parliament and members of the state-owned electricity company PLN.

Mythili Raman, the Acting Assistant Attorney General of the Criminal Division of the Justice Department, said that initially Marubeni refused to cooperate with the investigation and did not have an effective compliance and ethics program in place. These were considered aggravating factors. Now it has pleaded guilty to the bribery charges and will be paying a hefty fine of $88 million.

The ruling is a reminder to businesses of the consequences of participating in schemes to bribe government officials, abroad or at home. Marubeni had been charged with seven counts of violating the Foreign Corrupt Practices Act (FCPA) and one count of conspiring to violate the anti-bribery provision of the Act. The final ruling in this case will be delivered by the District Court of Connecticut on 15 May 2014.

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