Former senior execs charged with bribing Honduran officials, money laundering

[Judi Lynn]

Former senior execs charged with bribing Honduran officials, money laundering
By IBTimes Reporter | December 29, 2010 3:25 PM EST

Two former senior executives of Latin Node Inc. (LatiNode), a Miami-based telecommunications company, have been charged with bribing more than $500,000 to Honduran government officials and laundering money.

Jorge Granados and Manuel Caceres, the former chief executive officer and the vice president of business development of LatiNode have been charged with criminal violations of the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA), and international money laundering.

The 19-count indictment returned by a federal grand jury in Miami on Dec. 14 was unsealed on Dec. 20, the same day Granados and Caceres were arrested.

They face more than 20 years in prison and a fine of greater than $500,000 or twice the value of the monetary instrument or funds involved in the offense if convicted for the charges. The indictment also gives notice of criminal forfeiture.

More:
http://www.ibtimes.com/articles/96073/20101229/former-senior-execs-charged-with-bribing-honduran-officials-money-laundering.htm

[EFerrari]

1. Bookmarking to unpack.

I misread the link as IBTL Times. :)