Former chief of PWS International jailed in UK for bribes in Costa Rica

Julian Messent, the former chief executive officer of PWS International, was sentenced to 21 months in prison for paying about $2 million in bribes to win reinsurance contracts in Costa Rica.

Messent was also fined $159,000 in London for funneling money to at least three Costa Rican officials to retain contracts with a state-owned telecommunications and electricity company. He pleaded guilty last week to two counts of corruption for making 41 payments from 1999 until 2002.

Original source: Bloomberg