Grapevine-based Dallas Airmotive pays $14 million fine for bribing Latin American officials [View all]
Dallas Airmotive Inc. of Grapevine has admitted to federal prosecutors that it paid bribes to government officials in Argentina, Brazil and Peru in order to obtain lucrative airplane engine maintenance contracts.
As part of a deal struck with the U.S. Department of Justice, Dallas Airmotive agreed to pay $14 million in criminal penalties.
The bribes violated the Foreign Corrupt Practices Act, according to records filed late Wednesday in federal court in Dallas.
Federal prosecutors said that Dallas Airmotive paid bribes to officials with the Brazilian Air Force, the Peruvian Air Force, the Office of the Governor of the Brazilian State of Roraima, and the Office of the Governor of the San Juan Province in Argentina.
Read more: http://www.dallasnews.com/business/airline-industry/20141211-grapevine-based-dallas-airmotive-pays-14-million-fine-for-bribing-latin-american-officials.ece
Cross-posted in the Texas Group.
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