U.S. Company That Bribed Russian Nuclear Official Fined $2mn

An American company has agreed to pay $2 million to settle charges that it bribed a Russian official to win contracts to ship uranium to the United States, the U.S. Justice Department said on Tuesday.

Maryland-based Transport Logistics International admitted to bribing the Russian official with more than $1.7 million over the course of a decade, through a maze of shell companies and accounts in Latvia, Cyprus, and Switzerland, federal court papers made public on Tuesday’s show.

According to the US News, the U.S. Justice Department agreed not to prosecute the company in exchange for TLI’s cooperation in the investigation. TLI, acquired by the French industrial company Daher in 2009, also agreed to inform the Justice Department for the next three years of improvements to its anti-bribery policies.

The settlement is the latest development in a long-running federal probe into corruption in Russia’s sale of uranium in the United States.

“Bribery of foreign officials not only distorts markets and undermines democratic institutions,” acting U.S. Assistant Attorney General John Cronan said in a statement on Tuesday. “It can also pervert the incentives of those who are in a position to safeguard the public, as it did in this case involving the transportation of nuclear material.”

The U.S. Foreign Corrupt Practices Act makes it a crime to bribe overseas officials to win contracts.

The uranium investigation drew increased public attention last year after an informant involved in the probe claimed to have evidence tying the former Obama administration to Russian influence peddling, a charge former administration officials have denied.

For decades, Washington and Moscow had an agreement that converted uranium from Russia’s nuclear stockpiles to civilian grade fuel, which was shipped to the United States for use in civilian power plants. To win contracts to ship the Russian uranium, from 2004 to 2014, TLI executives bribed Vadim Mikerin, a former director of Russia’s state-owned nuclear enterprise Rosatom.

Back in 2015, Mikerin was sentenced to four years in prison by a Maryland judge, after he was charged with money laundering connected to the bribes. Mikerin is serving his sentence in North Carolina.

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