In a novel and aggressive move likely aimed at garnering goodwill with federal regulators, Venezuelan state-owned entity CITGO Petroleum Company (“CITGO”) has sued its former agent for harm CITGO alleges was caused by the agent’s payment of bribes to foreign officials. The twist? The bribes were paid to CITGO’s own employees, who are considered foreign officials under the Foreign Corrupt Practices Act of 1977 (“FCPA”). By Michael Hoosier, Brian Howard II, Ephraim (Fry) Wernick. Full Text -> JDSupra
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