Consultants indicted in Japan for paying bribes in Vietnam

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Following on the heels of Japanese trading company Marubeni’s recent admission that it violated the U.S. Foreign Corrupt Practices Act, again a Japanese company is in the crosshairs of anti-corruption regulators, but this time in Japan, not the United States. On July 10, 2014, the Tokyo District Public Prosecutors Office indicted the railway consulting firm Japan Transportation Consultants (JTC) and three of its current and former executives on charges of paying bribes to foreign officials in Vietnam. JTC allegedly paid a total of JPY 69.9 million (approximately USD 690,000) to various Vietnamese government officials in order to win consulting contracts related to a rail project funded by the Japan International Cooperation Agency (JICA)–the agency responsible for administering the Japanese government’s Overseas Development Assistance (ODA) projects.

Read the advisory by Charles Duross, James Hough, Daniel Levison, and Andrew Meyer in JD Supra Business Advisor.

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