22 charged with bribery involving arms sales
The indictments accused the individuals, including Smith & Wesson Vice President for Sales Amaro Goncalves, with violating the Foreign Corrupt Practices Act, or FCPA, and conspiracy to commit money laundering involving the sale of items including guns and body armor. The FCPA prohibits the payment of bribes to foreign officials in order to secure business contracts. The Federal Bureau of Investigation set up sting operations that ensnared the 22 individuals on charges that they tried to bribe a purported African defense minister to win contracts.
The indictments accused the individuals, including Smith & Wesson Vice President for Sales Amaro Goncalves, with violating the Foreign Corrupt Practices Act, or FCPA, and conspiracy to commit money laundering involving the sale of items including guns and body armor.
The FCPA prohibits the payment of bribes to foreign officials in order to secure business contracts.
The Federal Bureau of Investigation set up sting operations that ensnared the 22 individuals on charges that they tried to bribe a purported African defense minister to win contracts.
Some British and an Israeli company are also in this.