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Alcatel-Lucent to Pay $137M Fine to Settle Bribery Cases

Alcatel-Lucent agrees to pay US$137 million to settle bribery cases brought by U.S. authorities. The cases concern allegations about the sales activities of French telecommunications giant Alcatel from the 1990s through its 2006 merger with Lucent Technologies. The company has neither admitted nor denied the SEC’s allegations, but has agreed to pay a $45.372 million penalty, to respect the laws the SEC accused it of breaking. The fines will have little impact on Alcatel’s results this year, the company said.”]

Source: https://www.csoonline.com/article/2126534/alcatel-lucent-to-pay–137m-fine-to-settle-bribery-cases.html

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