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U.S. v. Suleiman A. Nassar

 
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Lockheed Corp - Suleiman, Nassar A.
:
DOJ Criminal
:
June 22, 1994
:
U.S. v. Suleiman A. Nassar
:
U.S. v. Suleiman A. Nassar, No. 1:94-CR-226-MHS, (N.D. Ga. 1995)
:
Suleiman was extradited with the cooperation of the Syrian government, an early example of international cooperation in anti-corruption matters.
:
Aircraft
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Egypt
:
1987; 1988; 1989; 1990
:
Member of the Peoples' Assembly of Egypt.
:
Between 1980 and 1990, Dr. Leila Takla was Lockheed's consultant in Egypt and responsible for the development of markets and sales prospects for Lockheed. In 1987, Takla became a foreign official in the Peoples' Assembly of the Arab Republic of Egypt. Takla used her influence with the Egyptian Ministry of Defense to direct business to Lockheed and to ensure that they received a contract for three C-130 Aircrafts. During the contract negotiations, Suleiman Nassar, the regional Vice President for Lockheed International, agreed to make monthly payments to Takla. These monthly installments were wired from Lockheed to a corporation known as Takla, Inc. whose signatory was Takla's husband. The monthly payments totaled $129,000. In addition, Lockheed submitted fraudulent statements regarding bribes to the Defense Security Assistance Agency. Ultimately, Lockheed was awarded a contract worth $78,983,575. After the contract was signed, Lockheed agreed to pay Takla $1 million as a commission payment for obtaining the contract. As a result of these illegal bribes, the DOJ indicted Lockheed Corporation, Nassar, and Allen Love, a sales director for Lockheed Aeronautical. In 1994, Lockheed pled guilty to conspiracy to violate the FCPA bribery section, agreed to cooperate and paid a $21.8 million fine and a $3 million civil settlement. The $24.8 million total penalty was calculated under the alternative fine provisions, based on twice the gain to the defendant. Nassar, after extradition from Syria, pled guilty to two counts and was sentenced to one and a half years in prison. Allen Love pled guilty to a single count and was fined $20,000.
:
Anti-bribery (Issuer)
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Plea
:
Criminal fine of $125,000.
:
125,000
:
18
:
Employee of Issuer
:
Other Senior Officer, Regional Sales
:
U.S.
:
Contract Procurement/Retention
:
78,983,575
:
Wire/check
:
Shell entity
:
1,129,000
:
Switzerland
:
United States
:
No
:
No