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Guilty plea marks turning point for foreign bribery cases

Published by Steve Coleman on November 22, 2011

Canada's first guilty plea under Canada's Corruption of Foreign Public Officials Act (CFPOA) marks a turning point for businesses working overseas, says a report in an upcoming edition of a lawyers' professional association magazine.

Calgary-based Niko Resources Ltd. pled guilty to bribery charges, signalling an apparent escalation by Canadian law enforcement agencies to crack down on companies handing over graft.

RCMP investigators have about 30 similar ongoing investigations into foreign corruption accusations.

The full report will appear in an upcoming edition of the Ontario Bar Association's Globetrotter publication.

 

 

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