State University of New York Institute of Technology
spacer image

 

 

 

spacer image

1-Marubeni pleads guilty, to pay $88 mln for Indonesia bribery

UPDATE: 1-Marubeni pleads guilty, to pay $88 mln for Indonesia bribery

http://in.reuters.com/article/2014/03/20/marubeni-corruption-idINL2N0MH02Q20140320

 

This case is a perfect example to bribery and unethical decisions as we have spoken about in Professor Baran’s course. According to this article the Marubeni Corp has agreed to pay an $88 Million fine on the basis of bribery. The Japanese trading company was found guilty to paying Indonesian officials to secure a contract for a lucrative power project. It was found that these acts of bribery have been ongoing for the past few years. The contract was for a sum of $118 Million which was in partnership with a French company; the project was completed in 2007. 


There are no comments to this post

(Back to burrisb blog | Write a Comment | Subscribe)

facebook | del.icio.us | digg | stumbleupon | RSS | slashdot | twitter

Log in to post/comment