Tagged: FCPA Violations

Alexion Pays SEC $21 Million for FCPA Violations (Part I of II)

Alexion Pays SEC $21 Million for FCPA Violations (Part I of II)

Notwithstanding the pandemic and remote working arrangements, the Securities and Exchange Commission is continuing to bring FCPA enforcement actions.  In its latest action, the SEC settled with Alexion Pharmaceuticals for $21 million for foreign bribery and books and records violations.  Alexion is a global pharmaceutical company.  Its first drug, Soliris was approved to treat two ultra-rare diseases, paroxysmal nocturnal hemoglobinuria (“PNH”), which causes red blood...

Three Former Executives from Alstom and Marubeni Charged with Criminal FCPA Violations in Indonesia

Three Former Executives from Alstom and Marubeni Charged with Criminal FCPA Violations in Indonesia

In its continuing aggressive FCPA criminal enforcement program, DOJ announced the indictment of two former Alstom executives and a former Marubeni executive with FCPA violations arising from a bribery scheme in Indonesia.  A copy of the indictment is here. The three former executives included: Reza Moenaf, the former president of Alstom’s Indonesia subsidiary; Eko Sulianto, the former director of sales of Alstom’s Indonesia subsidiary; and...