Acting Criminal Division Chief to Corrupt Executives: Get Ready for Jail
By Katy O'Donnell | June 18, 2013 5:57 pm

The Justice Department is going after individual executives suspected of foreign bribery with new zeal, while also working with investigators in other countries to root out global fraud on a broad scale, according to Mythili Raman, acting Assistant Attorney General for the Criminal Division.

Raman, a featured speaker at a legal education conference in Washington, D.C.,  today, rattled off a string of statistics to demonstrate the department’s increased focus on anti-corruption in recent years. Since 2009, she noted, Justice has entered into more than 40 corporate resolutions, securing some $2.5 billion in fines. Since 2005, nearly three dozen companies have pleaded guilty to violations of the Foreign Corrupt Practices Act. And more than three dozen individuals have been convicted of participating in foreign bribery schemes since 2009.

“We are now – more than ever – holding individual wrongdoers to account,” she said.

(Read Raman’s full remarks here)

Raman emphasized the importance of focusing on individuals in terms of determent.

“By redoubling our commitment to bring to justice those individuals who bribe for business,” she said, “we are sending an unmistakable message to corporate executives around the world – if you engage in corrupt conduct, you should be prepared to face very real consequences, including jail time.”

Raman also highlighted a few corporate cases — including the investigation into French oil and gas company Total SA, with which the department announced a deferred prosecution agreement late last month.

The first instance of coordination between U.S. and French authorities in a foreign bribery investigation, the Total case demonstrated “the development of stronger anti-bribery enforcement programs in foreign countries, the continuing and encouraging rise in cross-border cooperation, and the increasing efforts of our foreign law enforcement partners to hold individual perpetrators accountable,” Raman said.

Raman recounted a conference this February held by Justice, the Securities and Exchange Commission and the FBI as she spoke of a new era of international cooperation on bribery cases. Roughly 130 regulators, judges, investigators and prosecutors from over 30 countries attended the event.

“Needless to say, we were able to advance a number of specific prosecutions through that meeting,” Raman said, “and, as important, forge new bonds with an entire generation of prosecutors dedicated to combating global corruption.”

Raman spoke at the Global Anti-Corruption Congress hosted by a new for-profit events company, Momentum Event Group.

Facebook Twitter Linkedin Email

Comments are closed.

ANALYSIS: Colombian Companies Face N... more
Debevoise & Plimpton LLP
ANALYSIS: Risks and Opportunities Arising from DOJ’s New “Compliance Counsel” more
McGuireWoods LLP
ANALYSIS: Compliance Concerns Complicate Credit Agreements more
Baker & McKenzie
ANALYSIS: To Find the Needle, Move the Haystack: Deciding Where Best to Conduct Document Review in FCPA Inves... more
Squire Patton Boggs
ANALYSIS: Is The First UK Deferred Prosecution Agreement On The Horizon? more
Proskauer Rose LLP
ANALYSIS: Seventh Circuit Rejects Court Challenge to Pending SEC Administrative Enforcement Proceeding more

President Barack Obama speaks at outgoing Attorney General Eric Holder's portrait unveiling ceremony.

Attorney General Eric Holder called for a lower bar to federal civil rights prosecutions in an exit interview with Politico's Mike Allen.

An error has occurred, which probably means the feed is down. Try again later.