Maryland firm fined $2M for bribing Russian nuclear official


A Maryland firm will pay a $2 million criminal penalty for bribing a Russian nuclear official for uranium-shipping contracts.

The U.S. Department of Justice said in a Tuesday release Transport Logistics International Inc. entered into a deferred prosecution agreement to resolve the case charging the company with conspiracy to violate the Foreign Corrupt Practices Act’s anti-bribery provisions.

TLI offers management services for transporting nuclear cargo.

Court document say TLI conspired to pay more than $1.7 million to offshore bank accounts associated with shell companies in Switzerland, Cyprus and Latvia. The beneficiary was Vadim Mikerin, a Maryland-based official with TENEX, a subsidiary of Russia’s state-controlled nuclear energy agency Rosatom that supplies uranium products.

Mikerin and TLI’s former co-presidents Daren Condrey and Mark Lambert were also charged in connection with the scheme. All involved TLI employees were fired.



Source link

Advertisements
About NBN Editorial Team 60820 Articles
NBN's team of Field Producers, Editorial Staff & Contributors create & produce original content for distribution. NBN is located in Beautiful Tampa Bay with Mobile Units Serving Miami, Orlando and Fort Myers.