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.

Ernst & Young LLP
Dealing with complex issues of fraud, regulatory compliance and business disputes can detract from efforts to succ... more
Covington & Burling LLP
ANALYSIS: The UK Government’s New Anti-Corruption Plan more
Morrison & Foerster LLP
ANALYSIS: Top Ten International Anti-Corruption Developments for December 2014 more
McGuireWoods LLP
ANALYSIS: DOJ, SEC Inquiry into Och-Ziff Capital “Placement Fee” Payment Highlights Continuing FCPA Scrutiny more
A&L Goodbody
ANALYSIS: Preparing Your Business for Ireland's Impending Anti-Bribery Laws  more
Taft Stettinius & Hollister LLP
ANALYSIS: Chinese President and SEC/DOJ Send the Same Message - Reinforce Your Chinese Anti-Corruption Compli... more
Proskauer Rose LLP
ANALYSIS: U.S. Sentencing Commission Proposes Amendments to Widely Criticized Economic Crime Sentencing Guide... more

President Obama announces Loretta Lynch as nominee for Attorney General.