The Philippines Poised to Conduct Investigation into InVision Payments
The Foreign Corrupt Practices Act saga involving airport bomb detector manufacturer InVision Inc. continues -- this time in the Philippines. As previously reported in International Trade Law News, InVision entered into settlement agreements with the U.S. Government in February 2005 after it voluntarily disclosed possible violations of the Foreign Corrupt Practices Act in connection with sales activities in Thailand, China and the Philippines. The settlement agreements indicate that InVision's sales agent in the Philippines paid $108,000 "to make gifts or pay cash to influence Filipino government officials to purchase InVision products."
NowThe Manila Times reports that the Government of the Philippines is poised to conduct an investigation to determine the persons that were involved in the bribery scheme. Ombudsman Simeon Marcelo, who heads a panel of government lawyers prosecuting major graft cases in the Philippines' antigraft court, said his office will immediately request the US government for information on the parties involved. The article quotes Mr. Marcelo as saying, "we're confident we will get it and we will prosecute and file charges against those guilty."
The entire article can be found at the following link: www.manilatimes.net/national/2005/may/24/yehey/top_stories/20050524top4.html
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