The Maryland based company, Transport Logistics International Inc. (TLI), has been fined $2 million by the FCPA for bribing a Russian official in order to gain uranium transportation contracts. The Russian official, Vadim Mikerin, is a former employee of JSC Techsnabexport (TENEX) which is a subsidiary of Russia’s State Atomic Energy Corporation and the sole supplier and exporter of uranium in the Russian Federation.
Mikerin plead guilty to a money laundering conspiracy in 2015 and is serving a 4 year prison sentence for accepting the bribe. However, two other individuals have also been charged in this case; the co-presidents of TLI, Daren Condrey and Mark Lambert, who allegedly paid Mikerin the $2 million bribe. Mikerin, Condrey and other conspirators moved the bribe money from the United States using shell company accounts in banks located in Cyprus, Latvia and Switzerland.
Condrey, who is waiting to be sentenced, has plead guilty to conspiracy to violate the FCPA as well as conspiracy to commit wire fraud. Lambert was charged this past January for one count of conspiracy to violate the FCPA, one count of conspiracy to commit wire fraud, seven counts of violating the FCPA, two counts of wire fraud and one count of money laundering.
In addition to firing all of the employees that were involved in the bribery and money laundering activities, TLI has been cooperating greatly with the DOJ and, as part of the settlement, TLI has agreed to adopt a compliance program and report on a regular basis to the DOJ.
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