Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 7

Foreign Corrupt Practices Act
In 2011, Bridgestone Corporation agreed to plead guilty and pay a $28 million criminal fine for its role in rigging bids and making corrupt payments to foreign government officials in Latin America. Bridgestone , a Tokyo-headquartered company, participated in the conspiracies from January 1999 through May 2007. Bridgestone 's local sales agents agreed to pay employees of state-owned customers a percentage of the total value of proposed sales. When Bridgestone secured a sale, it would pay the local sales agent a "commission" consisting of not only the local sales agent's actual commission, but also the corrupt payments to be made to employees of the state-owned customer. The local sales agent was responsible for passing the agreed-upon payment to the employee of the customer. At least nine individuals were convicted and sentenced to 4,557 days in prison. What U.S. law was violated and why?