Dallas Airmotive Resolves Criminal FCPA Charges for $14 Million Through a DPA

Dallas Airmotive, a company that provides aircraft engine, maintenance, repair and overhaul services, has agreed to pay $14 million to settle charges that it bribed Latin American government officials to secure lucrative service contracts.  The bribery scheme included the use of third parties, funneling payments through front companies and providing improper travel benefits to government officials.  The DOJ has declined to prosecute, giving the company significant credit for its cooperation and remediation efforts.  It did not self-report.  See also “Layne Christensen Resolves FCPA Civil Charges After DOJ Declination; Details Its Extensive Cooperation,” The FCPA Report, Vol. 3, No 22 (Nov. 5, 2014). 

To read the full article

Continue reading your article with an ACR subscription.