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NORDAM Group Inc., Pays $2 Million Penalty to Settle FCPA Allegations by Eric Carlson
Covington & Burling LLP - Beijing Office
Shaoyu Chen
Covington & Burling LLP - Beijing Office
Timothy P. Stratford
Covington & Burling LLP - Beijing Office
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July 25, 2012
Previously published on July 19, 2012
On July 17, 2012, NORDAM Group, Inc. (“NORDAM”), agreed to pay $2 million to settle charges by the US Department of Justice (“DOJ”) that NORDAM employees violated the US Foreign Corrupt Practices Act (“FCPA”) by making improper payments to employees of state-owned airlines in China to secure contracts to perform maintenance, repair, and overhaul (“MRO”) services for those airlines. To settle the charges, NORDAM agreed to pay a $2 million penalty, to report to the DOJ periodically during the term of a three-year non-prosecution agreement, and to continue to implement an enhanced compliance program and internal controls to prevent and detect future FCPA violations.
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