Justice Department, SEC cracking down on U.S. companies engaging in bribery abroad
To win computer business with the South Korean government, IBM allegedly delivered cash bribes in shopping bags.
In pursuit of Nigerian construction contracts, Halliburton and its international business partners allegedly routed illicit payments through bank accounts in Switzerland and Monaco.
And a middleman for a middleman of the Italian energy company ENI allegedly made repeated trips to a Nigerian hotel room and handed over briefcases containing millions of dollars in U.S. currency to a government official. But paying the balance of the alleged $5 million bribe in the local currency was more problematic — the local bills were so bulky that the bagman allegedly had to deliver them by the carload.