A Philadelphia company and its executives being prosecuted for bribing officials of the government of the Socialist Republic of Vietnam have pleaded guilty, according to a press release by the U.S. Attorney’s Office here.
The pleas were entered on March 16 in the Eastern District of Pennsylvania federal court.
Pleading guilty to conspiracy and violations of the U.S. Foreign Corrupt Practices Act (FCPA) and other acts are the following:
* The company, Nexus Technologies, Inc., pleaded guilty to everything.
* Nam Nguyen, 54, the CEO, pleaded guilty to conspiracy, FCPA violations, the Travel Act violation, and money laundering.
* Kim Nguyen, 41, Nam’s sister, pleaded guilty to conspiracy, substantive FCPA violations, and money laundering.
* An Nguyen, 34, Nam and Kim’s brother, pleaded guilty to conspiracy, FCPA violations, the Travel Act violation, and money laundering.
Another company executive who’s not related with the rest of them, Joseph T. Lukas, had pleaded guilty last year to conspiracy and to violation of the FCPA (see here).
The list of bribe recipients, as alleged in court documents (read more here), are: VietSov Petro, PetroVietnam Gas Company (in Vietnamese: Tập đoàn Dầu khí Quốc gia Việt Nam), Vung Tau Airport, Southern Flight Management Center, (in Vietnamese: Trung tâm Quản lý Bay Miền Nam) and a tourism and trading company that allegedly belongs the Ministry of Public Safety.
“In connection with the guilty pleas, Nexus and the Nguyens admitted that from 1999 to 2008 they agreed to pay, and knowingly paid, bribes in excess of $250,000 to Vietnamese government officials in exchange for contracts with the agencies and companies for which the bribe recipients worked. The defendants admitted that the bribes were falsely described as ‘commissions’ in the company’s records,” says the press release.
According to the U.S. Attorney’s office, Nam Nguyen negotiated the contracts and bribes with the Vietnamese government agencies and employees. Kim Nguyen, vice president of Nexus, oversaw the U.S. operations and handled company finances. An Nguyen identified U.S. vendors to supply the goods needed to fulfill the contracts.
Nam and An Nguyen face a maximum sentence of 35 years in prison, and Kim Nguyen faces as long as 30 years in prison, according to the statement.