Saturday, October 9, 2010

US exporters sentenced for bribing Vietnam officials

The owner of Nexus Technologies Inc., his two brothers and a partner in a Philadelphia-based company have been sentenced for conspiring to bribe Vietnamese government officials to obtain contracts, the Philadelphia Business Journal reported Thursday.

Nam Nguyen, Nexus’ president and owner, received 16 months in prison and two years of supervised release following his prison term.

An Nguyen received nine months in prison and three years of supervised release and Kim Nguyen received two years probation and was fined US$20,000.

Joseph Lukas received two years probation and was fined $1,000.

Prosecutors described Nexus as an export company that found US vendors to supply a wide range of equipment, including underwater-mapping equipment, bomb-containment equipment, helicopter parts, chemical detectors, satellite communication parts and air-tracking systems, to the Vietnamese government and companies operating in Vietnam.

According to the prosecutors, Nam Nguyen negotiated the contracts and bribes with the Vietnamese government agencies and employees; Kim Nguyen, Nexus’ vice president, oversaw the company’s US operations and handled finances; and An Nguyen identified US vendors to provide the supplies.

Nexus, the Nguyens and Lukas pleaded guilty earlier this year.

In connection with the pleas, Nexus and the Nguyens admitted that from 1999 to 2008 they bribed Vietnamese government officials in exchange for contracts with the agencies and companies for which the officials worked, according to prosecutors. Nexus described the bribes as commissions in its records, prosecutors said.

In its guilty plea, Nexus acknowledged that it operated primarily through criminal means and agreed to cease operations, prosecutors said.

Related Articles

No comments: