Monday, March 19, 2007

Two Former Alcatel Executives Indicted in Costa Rica Case

Two former Alcatel executives have been indicted in the U.S. for allegedly bribing Costa Rican officials to obtain a telecommunications contract.

Specifically, a 10-count indictment returned by a federal grand jury in Miami charges Edgar Valverde Acosta, a Costa Rican citizen, along with Christian Sapsizian, a French citizen, with conspiring to make over $2.5 million in bribe payments to Costa Rican officials in order to obtain a telecommunications contract on behalf of Alcatel, making corrupt payments, and laundering the bribes through a consultant.