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Former LatiNode executives indicted for Hondutel bribery

Wednesday, December 22, 2010

Two former executives of Miami-based telecommunications company LatiNode were arrested Monday for paying more than $500,000 in bribes to government officials in Honduras.

Former LatiNode CEO Jorge Granados, 54, and former vice president of business development Manuel Caceres, 64, are accused of bribing Honduran government officials to retain a contract to establish long-distance phone network between the Central American country and the United States.

Court documents show the LatiNode executives agreed to a secret deal to bribe a manager of Hondutel, a senior attorney for the firm and a minister of the Honduran government in exchange for keeping the interconnection agreement in place and receiving reduced rates and other benefits.

Original source: Miami Herald