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US telecom provider’s former chief executive sentenced for giving Honduran state telephone company $500,000 in bribes

Friday, September 9, 2011

A former chief executive of Latin Node, a telecommunications company in Florida, was sentenced to 46 months in prison under US anti-bribery laws.  

The US Department of Justice said Jorge Granados, 55, pleaded guilty on May 19 to a conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act in connection with a scheme to pay Honduran officials more than $500,000 in bribes.

In his guilty plea, Granados admitted to authorizing bribes to be paid to officials in Honduras in return for business advantages from state-owned telecommunications company, Empresa Hondureña de Telecomunicaciones (Hondutel).

Original source: IDG News